Leases

Lease Structure

  • Triple net leases – all costs including outgoings, except Qld land tax, payable by the tenant.
  • Rent, structural repairs, general repairs and maintenance, rates,taxes and other assessments,insurance premiums and charges and property management expenses are met by the tenant.
  • Tenant required to redecorate/refurbish the centre once every 5 years as directed by FET (acting reasonably).
  • Typical lease term from commencement; 15 years plus two 5 year options.

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