by aslaumbe | Apr 4, 2023 | Articles, Lease Articles
A landlord is required by the Retail Leases Act 1994 (NSW) to give a tenant a Lessor’s Disclosure Statement at least 7 days before a retail lease is entered into. It contains important information about the premises, the lease and the tenant’s financial...
by aslaumbe | Aug 8, 2022 | Articles, Lease Articles
When it comes to retail or commercial Leases, it is not unusual for a landlord to take forever to register a Lease and return the signed (executed) original to the tenant. What are the landlord’s obligations, what can be done about the delay and why is it...
by aslaumbe | May 23, 2022 | Articles, Commercial Agreement & Dispute Articles, Lease Articles, Litigation Articles
Sometimes a situation arises where a tenant of a retail or commercial Lease wants to vacate the premises and terminate the Lease before the end of the Lease term. The simple answer is that it cannot. The tenant is obliged to see out the Lease. However, the tenant...
by aslaumbe | Feb 16, 2022 | Articles, Lease Articles
Whether you are the landlord or tenant under a retail lease, do you know your rights and obligations when the lease is coming to an end? Unless there is an option to renew for a further period, you should be aware of how the Retail Leases Act 1994 deals with this...
by aslaumbe | Nov 9, 2021 | Articles, Business Sale & Purchase Articles, Lease Articles
Whenever a business owner is about to sell their business, the wishes of the purchaser have to be taken into account with regard to the Lease over the business premises. The current Lease may be for a long period with, say, three years left on a five year term with an...
by aslaumbe | May 26, 2021 | Articles, Lease Articles
Often a retail or commercial Lease will contain an option to renew which is a right of the tenant to obtain one or more additional Lease terms provided the tenant gives the landlord a written notice exercising the option within a specified time frame. If the tenant...
