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RyanMcCausland
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A 5+5 Year lease means an initial 5 year term and then an option for another 5 Year term. 5×5 technically means a 5 Year term with 4 additional 5 year terms, but they were more likely referring to a 5+5 Year Lease.

Sorry I am not sure what you mean by Applicant 1 and 2, possibly just in case there are two entities applying jointly for the lease?

As also mentioned above, be careful of the Outgoings payable in addition to the rent, these can be very substantial as well as Promotions Allowance (generally up to 5% of Base Rent) which goes towards marketing and advertising of the overall centre.

Good luck.

Ryan