We are experienced in relation to leasing matter including:
· Retail Leases
· Commercial Leases
The first step of reviewing any lease is to confirm whether it is a commercial or retail lease. A commercial lease refers to the lease of commercial property, for example, office space. Unlike a retail lease, the terms and conditions that apply to commercial lease are typically the subjects of negotiation and agreement between the landlord and tenant.
If you are planning on leasing (whether as landlord or tenant), you will need to involve a lawyer to make sure the terms are suitable to your proposed use of the premises, and that the lease is carefully drafted to include all the agreed terms between you and the other party. We will also assist with ensuring that the terms are fair to you.
In New South Wales, Retail Lease is governed by Retail Lease Act 1994 that applies to certain premises, for example, retail stores and shops. The Act provides basic protections to the Tenants and extra limitations to the Landlords.
If you are considering entering into a retail lease or you are unsure what type of lease applies to your premise, we recommend consulting with us first to understand your rights and obligations.
We are experts in this area and will be able to assist with your lease. Please feel free to contact us to discuss your matter.