1. Lease Term and Renewal Options

The lease term specifies how long you can occupy the property — whether it’s a short-term flexible workspace or a longer-term lease for a modern warehouse unit. Renewal options might also be included, giving you the opportunity to extend the lease when it expires.

Make sure you understand the length of the term and any notice periods required for renewal or termination.

2. Rent Amount and Payment Schedule

Your lease will outline the rent amount, when payments are due, and how they should be made. It may also specify whether rent reviews will occur, adjusting the amount based on market conditions or a fixed percentage.

Understanding your rent obligations helps with budgeting, so you can focus on growing your business without un-expected surprises.

3. Tenant and Landlord Responsibilities

Commercial lease agreements define who is responsible for what.

• Tenant responsibilities may include utilities, internal repairs, and maintaining a safe working environment.

• Landlord responsibilities often cover structural repairs and building insurance, though this can vary.

Clarifying these responsibilities upfront prevents misunderstandings down the line.

4. Permitted Use of the Property

The lease will specify the approved uses of the property. For example, a live-in work unit might be suitable for creative studios, while a large industrial unit may be intended for manufacturing or logistics.

Ensure your business activities align with the permitted use to avoid breaching the lease terms.

5. Repair and Maintenance Obligations

This section details who handles repairs and ongoing maintenance. A full repairing and insuring lease (FRI) may place most responsibilities on the tenant, while other leases split these duties between tenant and landlord.

Knowing these obligations helps you plan for upkeep costs and avoid potential disputes. 

Signing a lease is a big commitment, and knowing what’s included protects your business interests. At Vibe Warehouses, we help tenants navigate the leasing process, whether they’re moving into a stylish co-working space or a highly functional warehouse.

Our goal is to match businesses with the perfect property while ensuring they understand every aspect of their lease. With clear terms and supportive guidance, we make the transition into your new commercial space seamless and stress-free.