1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar

Property News

Occupation standards for Australia

February 16, 2012

When renting a unit for commercial purposes, it is beneficial to know what is expected from you as a tenant as well as what you should expect from your landlord.

Standards for occupation are different the world over and knowing some of the general procedures for renting commercial property in your area may help in negotiating for a space. 

A report from property advisor DTZ outlines the most up-to-date standards of occupation in Australia, beginning with a lease document.

Rent is generally paid monthly and costs roughly $800 - $1,600 per square metre. A typical lease length is between five and ten years.

Indexation of rent is yearly and roughly four to five per cent. Subletting is generally allowed and normal wear and tear is acceptable. Early termination of the lease is only possible with a break clause.

As far as responsibilities go, landlords are expected to take care of structural damage, while tenants are to take care of internal repairs and maintenance. The landlord usually pays to insure the building and recovers the cost from the tenants in the form of the rent; tenants are also advised to insure their own contents. 

Agent fees are roughly between 11 and 16 per cent, depending on lease length.
It is important to note that here is not one uniform leasing agreement in Australia, meaning that the contracts will likely vary from company to company.

Related Articles

Building booms across many sectors

There are numerous indicators of strength in the housing industry, and one strong signal of future ...
read more

Brisbane's fringe the place for office rental in the city

Those on the hunt for commercial real estate may want to look at Brisbane's fringe, according ...
read more

Brisbane industrial property a safe bet for investment

There is growing demand for industrial property in Brisbane, the latest report on the city's ...
read more

Latest Articles

Mapping out a shift in foreign investment targets

With recent changes to the foreign investment framework introduced by the federal government, ...
read more

State of the nation unveiled in latest report

Each quarter, Commsec releases the State of the States report, which judges each state and ...
read more

Steady as she goes, says the RBA

Many economists and financial commentators have spent the past weeks predicting an Easter gift from ...
read more