Commercial lease is a document in which a Lessee (or Tenant) is given a right to exclusive possession of land in return for rent and other promises given to the Lessor (or landlord). The terms of the lease govern the relationship and the rights of the landlord and the tenant. Where the premises are going to be used as a retail premises, the Retail Leases Act 2003 (VIC) will override and supplement the rights and obligations of the parties.A poorly drawn commercial lease may leave you no alternative other than to make a cumbersome common law “demand” for return of your premises and/or circumvent your rights to claim future losses after you have retaken possession. A properly drawn commercial lease will include:
Please contact us to get professional advice if you have any questions regarding commercial leases. At P&B Law we offer expert advice on all aspects of leasing including Disputes between landlords and tenants.
At P&B Law we create leases which are designed to best protect you in the complex legal world of property leasing. If the Retail Lease Act 2003 applies, than you must give the tenant before signing the lease a Disclosure Statement and a Small Business Commissioner Information Brochure.
The location of your business is a very important factor in its success. As a tenant, it is important to ensure that the duration of the lease is sufficient to meet your long term business objectives. If you are contemplating leasing a premises, we can guide you through the process.
Please be aware that due to the spread of Covid – 19 and on the recommendation of Government the decision has been made that from 5pm Wednesday 8 July 2020 to close the office once again to help slow the spread of the virus.
During this time our team will continue to operate remotely and can be contacted by email, on their mobile phones or through our website. All ongoing files will continued to be worked on and new work is always welcome.
We ask for people’s understanding in these uncertain times and hope everyone stays healthy.