Our specialist Business and Property professionals are able to assist you with all aspects of drafting, negotiating, signing and renewing your commercial lease.
Leasing Frequently Asked Questions
1. It gives notice to all who search the Title of the property that you have a registered interest
2. If there is an option to renew the Lease, registration will protect your option
This depends on what the lease document says. You as tenant must follow the terms of the lease precisely, otherwise you risk losing the benefit of the option to renew the lease.
Yes. The bond can be in the form of a cash deposit as security for default or in the form of a bank guarantee given by the tenant, but the terms of the bond or guarantee need to be clearly stated in the lease.
The lease must have power of attorney provisions in favour of you as the landlord and you must precisely follow the power of attorney provisions in the lease, so as not to overstep your authority.
Interest can only be charged if the lease allows for same, otherwise you have no contractual or legal right to charge interest.
Only if your lease is a retail shop lease does the landlord have to remind you to exercise your option within the required time.
If the lease is a retail shop lease then you will be fully discharged from your obligations pursuant to s 50A Retail Shop Leases Act 1994, provided all parties have complied with their disclosure obligations under that Act and no disclosure statement is incomplete or contains false or misleading information.