Commercial Leases
First-rate commercial lease lawyers in Melbourne
A commercial lease is an agreement which outlines the rights and obligations of both the tenant (or lessee) and landlord (or lessor). So, a well-drafted lease is essential for protecting your interests, mitigating risks, and laying the groundwork for a successful business relationship. Whether you’re a landlord or a tenant, the complexities of commercial leases require meticulous attention to detail and a deep understanding of legal implications. That's why having a proficient commercial lease lawyer is a must.
Navigating the complexities of commercial leases
At P&B Law, we specialise in providing thorough legal services tailored to the needs of each commercial lease agreement, including leases that involve retail premises. Our team of experienced commercial lease lawyers understand the nuances of the Melbourne property market and the legal requirements in Victoria.
We assist our clients in navigating through the intricacies of commercial leasing with ease and confidence. From small start-ups to large corporations, we offer personalised legal solutions that align with your business objectives and ensure your interests are safeguarded.
Our retail and commercial leasing services
Whether you are entering a new lease, renewing an existing one, or facing lease-related disputes, our team is experienced in handling all areas of commercial leasing. Our expertise extends to:
- Drafting clear and comprehensive lease agreements
- Advising on and negotiating lease terms
- Handling lease disputes
- Assisting with lease transfer
- Providing guidance on lease renewals and extensions
- Ensuring compliance with Victorian laws and regulations.
Need strategic legal advice for your commercial leases? Get in touch today with one of our expert lawyers.
Contact usFREQUENTLY ASKED QUESTIONS (FAQS)
Our expert lawyers are here to answer all your legal questions about business and property law. If you can’t find the answers you’re looking for below, contact the team today.
What is a commercial lease?
A commercial lease is a formal document where a tenant (or Lessee) gains exclusive rights to use a property in exchange for rent and other commitments made to the landlord (or Lessor). It outlines terms and conditions for renting commercial property, used typically for business purposes like offices, retail spaces, or warehouses.
What are the key components of a commercial lease agreement?
Key components include lease duration and commencement date, options for renewal, rent amount and reviews, property use limitations, maintenance and repair responsibilities, sublease and assignment rules, termination conditions, and insurance requirements.
Can I negotiate the terms of a commercial lease?
Yes, commercial lease terms are negotiable, and that's where it's wise to have an experienced lawyer on your side. They'll handle any negotiations surrounding rent, lease length, subleasing options, and termination clauses.
What happens if I break a commercial lease?
Breaking a commercial lease can result in significant penalties. The consequences of this will depend on the lease terms and might include losing your security deposit, being liable for the remaining rent, or legal action.
Are there different rules for retail leasing?
Yes, 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 for retail businesses, the Retail Leases Act 2003 (VIC) will override and supplement the rights and obligations of both parties.