Melbourne office leases are typically net. Tenants who compare face rent only often mis-rank options.
Outgoings
Ask for three years of actual outgoings and the budget methodology.
Clarify whether capital items can be recovered and how HVAC is metered.
Incentives and reviews
Model rent-free and fit-out contributions as part of net effective rent.
Align expansion measurement and renewal start dates in attachments.
Exit risk
Photograph make-good scope at handover.
Understand assignment and subletting rules before you need them in a merger.
Summary
Negotiate on five-year total cost and operational fit, not year-one rent alone.
J C INVESTMENT VENTURE PORTFOLIO PTY. LTD. · Suite 4.04, 689 Burke Road, Camberwell VIC 3124, Australia · info@jcinvestventure.com · 03 8652 1630