{
  "url": "https://classa.info/topics/apac-lease-conventions",
  "title": "APAC Lease Conventions",
  "description": "How APAC office lease conventions differ from US/UK — and how to translate before signing.",
  "oneSentenceAnswer": "APAC lease conventions vary widely by market — Tokyo gross-rent in tsubo, Singapore service-charge net, Hong Kong gross-floor-area, India carpet-area-with-loading — and translation to US/UK norms must precede signing on any cross-border deal.",
  "tldr": [
    "Tokyo: rent quoted per tsubo per month, gross of opex.",
    "Singapore: service charge separate from rent; lease terms 2–3 years standard.",
    "Hong Kong: rent on gross floor area; deposit typically 3 months.",
    "Mumbai/Delhi/Bangalore: carpet area, loading factor 30–35%.",
    "Seoul: deposit (key money) often 10× monthly rent.",
    "Sydney/Melbourne: net lease, NABERS-rated buildings standard."
  ],
  "faqs": [
    {
      "question": "What is a tsubo?",
      "answer": "Japanese unit of floor area, ~3.305 m² or ~35.6 sf. Tokyo office rents are quoted per tsubo per month."
    },
    {
      "question": "What is loading factor in India?",
      "answer": "The ratio of chargeable area to carpet area — typically 30–35% in Indian Class A. Rent is quoted on chargeable area."
    },
    {
      "question": "Why is Korean key money so high?",
      "answer": "Cultural and legal convention. Trophy international tenants increasingly negotiate Western-style 3–6 month deposits."
    },
    {
      "question": "Are APAC lease terms shorter than US/UK?",
      "answer": "Yes — 2–3 years is standard in Tokyo, Singapore, Hong Kong, Seoul. India is 5+5 with lock-in. Australia is 5–10 years."
    },
    {
      "question": "Do I need local counsel?",
      "answer": "Yes, on every APAC deal. Registration, VAT/GST, stamp duty, and restoration standards vary materially."
    }
  ],
  "keyFacts": {
    "spokeGuides": 2,
    "spokeGlossary": 4,
    "spokeTools": 3,
    "cityCoverage": 33
  },
  "pageType": "topic-pillar",
  "lastUpdated": "2026-05-29T16:17:29.065Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/topics/apac-lease-conventions), updated 2026-05-29T16:17:29.065Z."
}