Menu: Commercial Real Estate

How do I know if my premises are a retail premises and not commercial? The Retail Leases Act in your state or territory contains a very specific definition, however, as a general rule, if the premises are predominantly used for; the carrying on of a retail business or the business sells or hires retail goods […]

Assigning a real estate lease permits the tenant (the person responsible for fulfilling the lease obligations) to transfer their rights and obligations to another party for the remainder of the lease term. This agreement is suitable for Commercial and Retail Leases assignments. The new tenant “the assignee” agrees to assume the rights and obligations of […]

This document sets out the terms of the industrial space rental, placing clear boundaries on the relationship. It ensures that each party understands their obligations and covers the following issues: licence fees – amount , frequency, method of payment bond amount rental term care of the premises indemnity breaches to the agreement Putting a written […]

  The option holder (buyer) may then either exercise his or her right under the contract by completing the property purchase. Alternatively the option holder may sell their right (the option) to purchase the property to someone else. If the option holder exercises his or her right under the contract, the seller is obliged to […]

By using a property lease, the property owner protects their investment in a couple of ways. Firstly, it clearly sets out the do’s and don’ts of the leasing arrangement so both parties understand their obligations to each other. Secondly, if the tenant breaches any of the lease terms, then the landlord can take action based […]

Putting a written contract in place saves you from being in the uncomfortable position of arguing over who said what, which can often happen when you rely on verbal agreements. Need more information? See this article which explains the difference between a licence and a lease. Available for immediate download and can be used as […]

If you are leasing a premises where the tenant will be dealing with members of the public then you cannot use this commercial lease – you have to use a Retail Lease Agreement instead. This Commercial lease Agreement (Victoria) is suitable for use by Property development companies, DIY landlords Self Managed Super Fund (SMSF) trustees […]

Recent case law in Victoria has widened the scope of the Retail Leases Act and now it would appear that most tenants, who provide any sort of service to an ultimate end-user, engage in the ‘retail provision of services’, would require a retail lease. Some examples of retail premises retail shops that sell merchandise; bars, […]

A solid commercial lease can protect your investment by defining your relationship with your tenants and shielding you from potential liability. It should be the foundation for the ongoing relationship between you and your tenant. This commercial property lease agreement template is suitable for the tenancy of most types of Australian Commercial premises such as […]

So what does this mean? Only use this commercial lease if the premises are used primarily for wholesaling, manufacturing or storage and you can be sure your tenant is not dealing directly with the public. Some examples of retail shop premises retail shops that sell merchandise; bars, nightclubs, cafes and restaurants; service stations, mechanical repair […]