Nc Real Estate Podcast

In today’s episode, I’m stripping away the legal jargon and giving you clear, simple explanations of the commercial lease terms that matter most. Whether you’re reviewing your first lease or your fiftieth, understanding this language is essential — because the lease is the value of your commercial property.I walk you through the key terms you’ll see in every lease, why they matter, and how they impact risk, cashflow and negotiations. By the end, you’ll be able to pick up a lease and instantly make sense of 80% of it.What Heads of Terms really areWhat “the demise” means — and why it’s crucialService charges, in plain EnglishRepairing obligations (FRI, IRI + Schedule of Condition)Break clauses — and the conditions that catch people outRent reviews: open market, index-linked, caps + collarsAlienation and why you do want control over who occupies your propertyUser clauses and planning + valuation implicationsSecurity of Tenure under the 1954 Act — and whether your tenant has renewal rightsIf you’ve ever felt like