E32: B2C Interview w/- Richard Barram – Understanding your clinic’s commercial lease
If your clinic has a commercial lease, this is an interview that’s not to be missed. In this episode Neil’s joined by his guest, Richard Barram. Richard’s the founder and owner of Barram Property Group, and he’s worked in Commercial Property for over 20yrs across Australia and New Zealand.
Having worked across numerous different business sectors, Richard’s successfully negotiated hundreds of commercial leases and has an intimate knowledge of the key drivers in lease transactions. Having this intimate knowledge, Richard’s helped tenants and landlords quickly get to a position of understanding and agreement.
During the episode, Richard talks about the importance of having an overall understanding of your commercial lease and particularly knowing a couple of important clauses that will help you navigate your way through COVID and beyond. We also cover the very basic yet important clauses that constitute your lease.
In this episode you’ll learn:
- How to understand the terms of your lease
- What’s the NLA or net lettable area of your premises?
- How your rent and outgoings are calculated
- How to start thinking about and planning for your next rent review
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