Generally speaking, a commercial lease provides the lessee with, amongst other things, a right to exclusive possession and use of the property for the purposes of running a business. Certain types of commercial leases fall into the category of retail leases (as defined by the Retail Leases Act 1994), and, accordingly, certain obligations and rights flow. Regardless of whether you are a lessor or proposed lessee, a Commercial Lawyer can assist you to deal with matters arising from a commercial lease. Our Business Lawyers advise on all legal aspects of retail and commercial leasing, and can assist you by:
- Advising you on your current or prospective lease
- Advising you whether your lease is required to be registered
- Negotiating the terms and conditions of a lease
- Advising you in regards to landlord and tenant obligations
There are a number of types of leases available to businesses, depending on whether or not they are classified as retail or commercial. While both types have many things in common, such as payment of rent to a landlord for the exclusive use of certain premises, there are differences in the obligations of both the landlord and the tenant. The law also prescribes different requirements as to the terms and length of the lease and the payment of fees.
Regardless of the type of lease, you will also have to consider legal issues relating to fit outs, options, outgoings and rental review, bonds and guarantees, insurance, repairs and maintenance and termination.
For more information on how our Business Lawyers can help you with your lease matter, contact our office and arrange a consultation today. Other than our head office in Sydney CBD, we have branch offices in Bondi Junction, North Sydney, Liverpool, Campbelltown and Parramatta. For a full list of our office locations, with complete addresses, click on our Locations tab above or contact our main office line on (02) 9233 4048.
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