property law services tailored to you
A commercial or retail lease is a legal arrangement that provides a tenant with a right to occupy business premises owned by a landlord.
Leases often contain several conditions of the arrangement, including the payment of rent and outgoings, the area to be leased, the term of the lease, procedures in the event that there is a breach of the lease or termination becomes necessary, and fit-out and end of lease make-good obligations. It is important that the terms and conditions of a commercial or retail lease are specifically tailored to your needs.
As a landlord, it is important to ensure that a lease properly protects your investment and gives you rights of recourse against a tenant if there is a breach of the lease by the tenant.
There are a host of other consideration as you consider entering into a commercial or retail lease such as insurance, assignment of leases, subletting provisions and dispute resolution.
Colquhoun Murphy has decades of experience in preparing and advising on commercial and retail leases, including:
assisting with due diligence while considering a lease proposal;
the preparation and review of leases and disclosure statements;
assisting in protecting your security interests under the Personal Property Securities Act 2009 (Cth);
assisting in terminating leases and seeking remedies in the event of default; and
acting and appearing for landlords in disputes arising under commercial and retail leasing legislation in the Australian Capital Territory and in New South Wales.
If you need advice in relation to a commercial or retail lease as a landlord, please contact us.