On 12 May 2020, the Leases (Commercial and Retail) COVID-19 Emergency Response Declaration 2020 came into effect in the ACT. This instrument gives legislative effect to the Mandatory Code of Conduct previously announced by National Cabinet. It applies to leases... Read More
The current circumstances surrounding the global COVID-19 pandemic are impacting many aspects of our lives, and the relationship between landlord and tenant is certainly no exception. Businesses all over the country are being forced to close their doors, either due to... Read More
In most commercial leases, rent will be increased yearly as part of a ‘Rent Review’. A Market Rent Review is one method of calculating this increase. For Landlords and Tenants alike, rent reviews are an important consideration in negotiating the initial terms of a... Read More
What is an Option? Standard in many commercial leases, an ‘Option’ is a clause in the lease agreement which grants the tenant the ability to renew the tenancy for an additional term or terms. Ordinarily the lease will include certain restrictions on when... Read More
When commencing a lease it is usual practice for commercial landlords to require tenants to provide a form of security, with the intention of ensuring performance of the tenant’s obligations under the lease. Predominantly this security will take the form of either a... Read More
So, you have found a commercial premise (or a commercial tenant) that you think is suitable, and have agreed on the general terms for the lease. You have checked the lease schedule (lease term, rent, rent review, etc) and everything looks fine, but are you missing... Read More
