Craig

And so what are some of the things that commercial parties should look out for when considering a commercial lease?

Because I mean, there's just so much to think about in this area.

That can be so expensive, I guess, right, if you miss it?

Now, this is an interesting point to think about.

Tell us a little bit about the make good and repair clauses.

This is, again, so important.

How important are they?

And I guess that is such a grey area because as you say, rightly so, if you don't have it in the contract, if you don't have your T's crossed, the I's dotted, that could end up costing you thousands of dollars to get that back to the right state of where it was when they moved in.

And one of the other contentious issues that can lead to all sorts of problems is the assignments of lease.

For example, are they different for retail leases versus commercial leases?

And just talking about getting it right, I just wonder how many times, Sam, you've had somebody come to you when they should have come to you in the first place, but they did it a way where they thought that they could sign off and cover it, I guess, on their own footing, and then you're left to pick up the pieces.

And some people, when they buy a commercial property, they try to change the lease terms to suit them, but they can't really do that, right?

All right, so there's some good takeaway points there.

Sam, thanks again for joining us on The Real Estate Breakfast.

Look forward to chatting next time.

Thanks, Craig.

And welcome to another episode of The Real Estate Podcast, available on iHeartRadio every morning and also on Spotify and Apple and wherever you get your podcasts from.

Welcome to another Monday.

Yes, I hope your weekend was a great one.

It's the 15th day for August for 2022.