Entering into a Business Lease
A lease is an agreement between a landlord(owner) and a tenant granting rights to a tenant to occupy the premises owned by the landlord. If you are entering into a Lease, it is important to get legal advice and to know what you are getting yourself into. At Breens Solicitors & Conveyancers, we can assist you in all aspects of the lease transaction.
Leases for businesses generally fall into one of two categories: Retail Leases and Commercial Leases.
Retail Leases relate to leases over retail premises. To determine whether a lease is a retail lease or not, it is necessary to refer to the Retail Leases Act. If a lease falls under the Retail Leases Act there are advantages to the tenant. The tenant doesn’t have to pay for the landlord’s legal costs and there is a significant duty to disclose the outgoings relevant to the lease and the premise.
Leases that are not covered by the Retail Leases Act are generally referred to as a Commercial Lease. At Breens Solicitors & Conveyancers, we are experienced in drafting commercial leases as well as advising tenants on their rights and responsibilities under a Commercial lease.
Negotiating Lease Term
At Breens Solicitors & Conveyancers, we can advise you on the proposed terms of the lease, negotiate to amend, delete or add terms so that the lease is more favourable to you. There are many issues which ought to be considered and which can be overlooked.
Contact Breens Solicitors & Conveyancers on (02) 9600 8000 regarding a commercial or retail lease.
Better call Paul 02 9600 8000.