Are standard leases the new norm?
In the current market, it is very common to hear property industry people talking about how we are in ‘challenging times’ and that ‘transactions are taking longer’ or are ‘harder to get across the line’.
A successful deal relies on getting signatures on documents quickly and no more so than with tenants. It is risky to give tenants too much time to change their minds.
This means that landlords and developers, now probably more than ever, want to keep the ‘legals’ side of the leasing process as simple and quick as possible, to speed up the process, but also to reduce costs…
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