Commercial lease terms and the property cycle
Jon Robinson
(Jon Robinson is Professor of Building and is the Deputy Dean, Faculty of Architecture, Building and Planning, The University of Melbourne, Melbourne, Australia)
2843
Abstract
The importance of taking corporate real estate decisions given a cyclical property market is discussed and illustrated. Ownership and leasing are described. Commercial lease terms are discussed in the context of the recent property cycle in Melbourne, Australia. A case study shows that the profitability of business units can be severely affected if the lease fundamentals, particularly the rent review mechanism, are misunderstood.
Keywords
Citation
Robinson, J. (1999), "Commercial lease terms and the property cycle", Facilities, Vol. 17 No. 5/6, pp. 177-182. https://doi.org/10.1108/02632779910259260
Publisher
:MCB UP Ltd
Copyright © 1999, MCB UP Limited