Commercial leases are leases for a commercial purpose which give a business owner the exclusive right to possession and use of the property. There are several types of leases available to businesses that depend on whether or not they are classified as retail or commercial. There are important differences between the two, such as the minimum terms of each type of lease and payment of fees.
A retail lease is defined in the Retail Leases Act as covering premises not larger than a thousand square metres. The premises must be used for a retail purpose. Rentals and outgoings must be disclosed to a Tenant by the Landlord before the lease is entered into. In the event that the lease is for a period of less than five years, a certificate to that extent must be provided. Certain protections exist for the benefit of the Tenant in the event that the Landlord intends to relocate the Tenant or redevelop the premises.
Navado has extensive experience in the following:
- Drafting retail and commercial leases;
- Reviewing and advising on retail and commercial leases;
- Negotiation of terms of retail and commercial leases;
- Advice on lease dispute;
- Mediation of lease dispute;
- Legal representation at Courts and Tribunals for lease disputes.
If you require assistance with your business’ lease, you may wish to contact our office and arrange an appointment to see one of our Business & Online Start-Up Solicitors in our Sydney office. By appointment, we can also arrange a time for you to see one of our lawyers at a branch office. For a complete listing please see our "Locations" tab.
This webpage (and any material or wording appearing on this webpage) is provided for general information purposes only and does not constitute any Legal Advice. It does not take into account your objectives, your instructions or all of the relevant facts and/or circumstances. Navado accepts no responsibility to any person who relies on the information provided on this website. We further refer you to our Disclaimer.
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