Reading an office lease: the terms worth understanding

Rent is the headline number, but a lease has several clauses that decide what an office really costs you.

• Lock-in period: how long you are committed, and what happens if you leave early.
• Escalation: how much and how often the rent increases.
• Maintenance and utilities: what is included and what is billed separately.
• Security deposit: the amount, and the conditions for returning it.
• Fit-out and branding: what you can change, and whether you must restore the space.
• Notice period and renewal terms.

Ask for the draft agreement early and have it reviewed by a professional before you sign. This article is general information, not legal advice.