Start with the commercial bargain
Before looking at technical clauses, a tenant should understand the commercial bargain: the premises, rent, escalation, deposit, lease period, renewal position and any fit-out or occupation arrangements.
If those points are unclear, the written lease can create uncertainty long after the parties think they have reached agreement.
Check obligations that cost money later
Repair duties, maintenance charges, utilities, insurance contributions, security requirements and reinstatement obligations can all affect the real cost of occupation.
A review should also consider whether the tenant may trade as intended from the premises and whether consent is needed for signage, alterations or subletting.
Understand default and exit clauses
Default clauses, cancellation rights and penalties should be read carefully before signature. A business should know what happens if payment is late, trading is interrupted, or the premises no longer suit its needs.
Early advice is usually easier and less expensive than trying to fix a signed agreement after a dispute has started.