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Anonymous

08 Nov 2021

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Looking to lease a commercial office space in Tai Seng area, lease term is 6 years. Lease contract says landlord has right to review rent every 12 months. Is this normal?

What's the most common period for rent reviews? Don't want to get rent hikes every single year for a 6-year lease.

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Nathaniel

Edited 08 Nov 2021

For a 6 year lease, rent reviews are typically every 2 years (sometimes 3 years). How many other office spaces have you looked at? Perhaps take a look at more office spaces, before you commit to this particular location. Tai Seng, along with nearby locations like Bartley, offer entrepreneurs plenty of offices to choose from.

If you're reviewing commercial leases, here's a guide to help you understand the most common lease contract terms: https://www.providecover.com/10-common-commerci...

Also, don't forget to cover your office with commercial property insurance. This will protect your office and equipment against major risks like fire, water damage, and more.

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