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If you are a retail tenant, and you wish to sell your business (and assign your lease to the business purchaser), or for any other reason, you wish to assign or transfer your lease to another party, then depending on the terms of your lease, you may need to obtain the prior consent of the landlord....
Commercial landlords should ensure that invoices issued to tenants for rent and outgoing amounts include:
- the correct GST component
- any rent increases that are entitled to be charged
- all outgoings that are entitled to be charged.
The invoices should also be issued in a timely manner and in a...
It is imperative for both landlords and tenants that whenever a retail lease is being negotiated, any required amendments to terms of the lease that remain to be negotiated are brought to the other party’s attention so that they can be negotiated, and the documents amended to reflect the negotiated ...
There are special rules that apply to commercial leases that fall within the definition of being a “retail lease”. Under the Retail Leases Act 1994 (NSW), landlords must, amongst other things, comply with strict deadlines for providing various notices to their tenants. It is therefore imperative t...
