by aslaumbe | Nov 13, 2024 | Articles, Lease Articles
An option clause is a term in a commercial lease that allows a tenant to renew their lease at the end of the original lease period, if they meet certain conditions. Landlords are not obliged to offer a renewal option. However, it is often in the interests of both...
by aslaumbe | Nov 4, 2024 | Articles, Lease Articles
Before signing a lease of commercial premises to conduct your business, there a numbers of matters that should be taken into account. After all, a lease represents a serious financial commitment and entering into one without due diligence can lead to undesired and...
by aslaumbe | Oct 4, 2024 | Articles, Lease Articles
It is common practice for a letting agent to prepare a Heads of Agreement (“HOA”) to be entered into by a landlord and a prospective tenant before a lease of retail or commercial premises is signed. The document sets out the basic terms of the lease...
by aslaumbe | Oct 4, 2024 | Articles, Commercial Agreement & Dispute Articles, Lease Articles
There are many situations in everyday life where you may be called upon to sign a personal guarantee. Some people will sign one without giving it much thought. But what are they and what are the consequences? A personal guarantee is a promise by an individual to...
by aslaumbe | Apr 12, 2024 | Articles, Lease Articles
Whether you are the owner of a retail shop or an incoming tenant, it is good to know what is involved in the leasing process so that the owner can get paid rent and the tenant can make income from a thriving business as quickly as possible! Any proposed lease of a...
by aslaumbe | Nov 16, 2023 | Articles, Lease Articles, Litigation Articles
According to the last census in 2021, almost 33% of people rent their home in NSW. And, of course, from time to time a dispute may arise with the landlord. But if it is a serious dispute that cannot be resolved, what rules apply if one of the parties to a lease wants...
