Commercial Rental Agreement

Common Area Maintenance (CAM) charges are amounts paid by tenants to cover costs of maintaining lobbies, lifts, parking, security, common utilities and building infrastructure, usually calculated pro‑rata to area and recovered monthly with periodic reconciliation.

Commercial rentals are generally subject to GST when the landlord is registered and turnover exceeds the threshold, and tenants may be able to claim input tax credit subject to eligibility and sector‑specific restrictions.

Commercial leases often run for 3–9 years, frequently with a lock‑in period and defined renewal and escalation structure, though shorter business centre arrangements also exist.

Most commercial leases allow tenants to carry out non‑structural interior fit‑outs at their cost, subject to approvals and restoration obligations on expiry or termination.

Lock‑in ensures minimum assured occupancy and rental stream for the landlord and business continuity for the tenant, with early exit typically triggering payment of remaining lock‑in rent or other agreed compensation.