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Important information for Landlords & Tenants regarding make-good

Make-good obligations are a very important aspect of commercial leasing for both landlords and tenants. Landlords are often entitled to enforce their rights by requiring tenants to comply with the make-good provisions when the lease is about to end. These provisions, when drafted carefully in the lease, should clearly define the conditions in which the premises must be returned. The provisions should ensure the protection of the landlords’ investments and set out the extent of the tenant’s obligations in that regard noting that these works can be very costly for either (or both) parties. [...]  READ MORE →