Lease Clauses, Explained
Each clause guide covers what it does, what to watch for, and how it tends to show up in a typical office, retail, or industrial lease.
Assignment and Subletting Clause
How assignment differs from subletting, what landlord consent really means, profit-sharing and recapture mechanics, and APAC drafting practice.
CAM Reconciliation Clause
How year-end CAM reconciliation works, audit rights, the gross-up trap, and what to insist on in HK / SG / JP commercial leases.
Co-tenancy Clause
What a co-tenancy clause does in a retail lease, anchor / occupancy thresholds, opening vs ongoing co-tenancy, and the typical tenant remedies.
Exclusive Use Clause
How exclusive-use clauses protect retail tenants from in-centre competition, what to scope, common landlord push-back, and APAC enforcement reality.
Force Majeure Clause
What a commercial-lease force majeure clause does, what it actually covers (and doesn't), how rent obligations survive, and APAC drafting differences.
Holdover Clause
How a commercial-lease holdover clause sets premium rent, damages exposure, and the line between tenancy at sufferance and at-will.
Operating Expense Pass-Through Clause
How an operating expense pass-through works, what's included vs excluded, the controllable / non-controllable split, and APAC norms.
Option to Renew Clause
How option-to-renew clauses work, exercise notice timing, FMV vs fixed-step renewal rent, and APAC norms.
Relocation Clause
How a relocation clause lets the landlord move a tenant mid-lease, what notice and cost-shifting protections matter, and APAC norms.
Rent Escalation Clause
Fixed-step, CPI-linked, and FMV escalation mechanics, the porter wage formula, and how APAC leases typically structure rent increases.
Right of First Refusal (ROFR) Clause
How ROFR differs from right of first offer (ROFO), trigger mechanics, match-or-walk dynamics, and APAC drafting practice.
Use Clause
How use clauses define permitted use, prohibited use, and continuous-operation duties, and what they decide for retail and office leases.