Craig

And if you're celebrating your birthday for today, the 16th of August, have a great Tuesday.

You share the same day with James Cameron, the director of the Titanic and Alien.

He's turning 67 today.

Madonna, she's turning 63.

And Steve Carell, he's almost 60, he's turning 59 today.

And around Australia we go to check on your Tuesday weather for Sydney, expecting a bit of cloud today, but it should be mainly dry, a high of 19 degrees.

Melbourne expecting showers, unfortunately, your top of 15.

Brisbane, beautiful sunshine once again and a high of 22 degrees.

And in Perth, one word, rain today and your high of 20 degrees.

Well, here's a thing for you to consider if in the coming months you're looking to invest in the commercial property space.

Now, whether that is retail, office or industrial, at some point as the owner, you will have to get your head around a commercial lease.

And like it or not, there are many pitfalls that buyers can easily miss when buying a commercial property.

It's extremely important to really take this whole aspect of a commercial lease seriously.

Do your due diligence.

And one of the first people you should be talking to is a lawyer who specialises in commercial leases.

So to help us discuss commercial leases, we have Sam Saad back, who is the partner and owner of Clinch Long Woodbridge Lawyers at clw.com.au.

And a very good morning to you, Sam.

Welcome back to the Real Estate Podcast.

Now, can we first start by looking at the different types of leases people should be aware of?

So what about the difference between the two types of leases?