Many not-for-profits, including community legal centres, do not have the surplus capital to tie up in freehold ownership of offices or outreach locations. Leasing is not only a great alternative, but often the preferred option in certain circumstances. However, a lease is a long term contractual commitment, and in order for the relationship to be beneficial for both landlord and tenant, it is essential to get it right from the beginning and be in the best position to deal with any issues which may arise along the way.
In this webinar, specifically tailored for not-for-profit organisations, leasing specialists Matthew Glenn (Partner), Lynne Kozak (Special Counsel) and Tanya Sciasci (Senior Associate) from MinterEllison will step you through:
- the benefits of leasing vs freehold ownership
- a high level overview of the leasing life-cycle
- the hidden costs of leasing, including possible mitigation strategies
- bespoke special conditions for NFPs such as break clauses aligned with funding grants and first rights of refusal
- tips for negotiating a Heads of Agreement and
- how to proactively manage issues arising during the term of the lease.