Industry: Service
Assignment: Lease Renewal
Objective: Our objective was to negotiate favourable new Lease terms for our clients’ site at Erina Fair, which would meet the requirements of the business into the immediate future. Our objective was to negotiate the lowest possible rent whilst maximising the incentives and assistance from the Landlord.
Results: We achieved a total saving of $164,595 over the 5 year Lease period plus several other beneficial Lease terms.
- Net rent savings $158,265
- Lease Terms 5 years
- Annual rent reviews from 5% > 4%
- Marketing Levy savings $6,330
- Bank Guarantee – 4 months
- No Personal Guarantee
What our client had to say….
“Kelly achieved far greater success than I thought possible in renegotiating my lease. It was money well spent with a saving over the 5-year term of $165,000.
My advice is not to try and negotiate the cost and conditions yourself. Use Kelly.”
Graham