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Commercial Rent Relief & COVID-19

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

Market Rent Review For Commercial Leases

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

Exercising an Option on a Lease

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

Commercial Leasing – Bank Guarantees vs Bonds

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

Introduction to Commercial Leasing

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