It is essential that your lease matches your expectations and that you fully understand all of its terms and conditions especially as they relate to your rights and responsibilities.
Effective legal solutions offers a full range of services relating to buying and selling a business, retail leasing, commercial leasing, business structuring, contract drafting, review and negotiations, loans, trademarks, disputes, employment and more.
We can advise on all aspects of lease negotiation whether for the Landlord or tenant we can help simplify the process.
A retail lease is a kind of commercial lease in premises that are wholly or predominantly used for retail shop businesses. These leases attract additional protections under the law, so it is important to choose what type of lease the business is entering into.
In New South Wales, the Retail Leases Act 1994 has undergone some significant changes that impact on the negotiation and drafting of leases for retail businesses. Retail leases differ to commercial leases and are covered under a different set of laws.
Whether you are the lessee or lessor of a retail property, it is important to seek the advice of an experienced commercial lawyer to ensure that your rights and obligations are adequately protected during the course of the lease.
A commercial lease or commercial tenancy agreement is a contract between you (the tenant) and the landlord. It sets out your rights to occupy the premises and your obligations to pay rent and abide by the rules set by the landlord.
These rules can be complex and vary from lease to lease with many far-reaching implications if not handled correctly. They depend on the type of business you run, the premises you’re renting and your bargaining power. Commercial leases are “free for all” and require careful negotiations on the part of the tenant to ensure that the lease term is not onerous or heavily favouring the landlord.
It is important to seek legal advice from an experienced commercial lawyer before entering a lease, as it has the potential of becoming a negative impact on your business’ cash flow at a later stage.
Here at Effective Legal Solutions we understand that clients require excellent customer service at a fixed fee competitive price and want the process to be as smooth as possible from start to finish.
If you have any questions, or need assistance reviewing your retail lease or commercial lease, get in touch on 1300 977 546.