When entering into a lease, it’s important to realise that you are usually entering into a long-term agreement with a plethora of rights and obligations attached.
Whether you are a lessor or a lessee, retaining experienced lawyers can save you from serious financial mistakes and legal problems.
At TIA Lawyers, we have over 20 years experience in the leasing of commercial and retail property. TIA Lawyers acts for both landlords and tenants and advises on a range of leasing issues including:
- Preparing new leases for lessors, including retail shops leases and commercial leases;
- Reviewing and advising on leases for lessees;
- Preparing disclosure documents for lessors and lessees to comply with the Retail Shop Leases Act 1994 (Qld);
- Preparing or reviewing lease renewals;
- Preparing or reviewing lease variations;
- Acting for either lessor, lessee, assignor or assignee in lease assignments;
- Advising in relation to leasing disputes including preparing notices to remedy breach as well as further enforcement actions.
TIA Lawyers currently serves a long list of high prominent and respectful clients, both in Queensland and interstate. Our firm strives to stay on top of the latest legislation and policy surrounding leasing in Australia.
Retail Shop Leases
Retail Shops Leases
What is a “retail lease”? As a general rule, if the premises is in a shopping centre and predominately used for selling goods or services, then the arrangement is likely to be a retail lease and is likely to receive the protection of the relevant Retail Shops legislation. Please note exceptions apply. It is important that you know your lease is a retail lease, because your landlord will be subject to additional obligations. Contact our leasing team today to find out what these obligations are.
One of the obligations is to provide tenants with a disclosure statement at least seven days before entering into the lease. A disclosure statement is a summary of all of the important commercial terms of the lease. Failure to provide a disclosure statement may give the tenant a right to terminate the lease, even after the parties agree to it.