It is essential that you secure a lease which best protects your commercial interests. Whether you are the tenant or landlord of a premises, being bound by a lease which does not function as you require can significantly impact on the profitability of your business.
Our property team has acted for a wide array of commercial landlords and tenants – from those entering the leasing market for the first time to ASX listed companies acquiring premises as both a landlord and tenant. We have advised a number of Australia-wide tenants, as well as negotiated Lease terms with national landlords.
DRAFTING AND NEGOTIATING YOUR LEASE
We are experienced in drafting and negotiating leases on your behalf. We also understand that your lease involves a number of important considerations which are unique to you. Our team therefore discusses your commercial objectives with you so that we may draft and negotiate a lease which is tailored to your circumstances.
We act for a wide array of tenants, from tradespeople to national businesses. If you are considering entering into a commercial lease, we recommend contacting us prior to you signing any documentation (including an Agreement to Lease) so that we can review and advise you on the terms you are agreeing to. Not receiving adequate advice prior to you entering into the Lease can have significant financial and legal consequences which could potentially not be remedied at a later date.
We act for various landlords leasing their commercial, retail and industrial premises of all shapes and sizes. As it is usual for the Landlord’s solicitor to prepare lease documentation, we are uniquely placed to ensure your commercial objectives are achieved. We therefore tailor each lease to meet your needs, as well as drafting it in plain English so you are able to understand all terms.
Leases of retail shops are overseen by a special set of laws. When buying or selling commercial property with retail leases, it is therefore important that you engage a specialist lawyer experienced in this area. As these laws often restrict your rights and impose strict obligations, it is important that you are aware of how this will affect the performance of your investment.
AREAS OF EXPERTISE
- Retail shops
- Industrial buildings
- Hotels and serviced apartments
- Standard form leasing documents for shopping centre landlords
- Due diligence
- Reviewing lease documentation
- Negotiating lease terms
- Retail shop leases legislation compliance
- Management of commercial tenants
- Assignments of exiting leases
- Lease defaults
- Fitout obligations
- Lease issues such as insurance requirements, tenant defaults, natural disaster implications and changes in the ownership and control of tenant companies