Tag: Commercial Leasing

Do I need to register my commercial or retail lease? Some state laws require you to register the lease as a matter of course.  Other states generally don’t require leases to be registered, or leave it up to you as to whether you wish to do so or not. The information below outlines the rules […]

1. Download and complete the Transfer from the Land Information System Tasmania (LIST). 2. Send the completed Transfer to the State Revenue Office to be noted for stamp duty. If you are seeking an exemption of duty, for example, for a transfer being made pursuant to a binding Financial Agreement or for transfer of the […]

Question Just double checking that I have bought the right kit for our Lease. We have tenants going into our building that is council stated, as a Bulky Goods Warehouse. Our tenants are bulky goods, being carpet and paint, but also sell retail. Should I have purchased a Retail Lease rather than the Commercial Lease. […]

There are a variety of circumstances that might lead your tenant to ask for an assignment of the lease or to sublet the leased premises. A common example is if your tenant sells their business.  In this case, they will need to assign (transfer) the lease to the proposed purchasers. An example of when a […]

Rent review clauses give the landlord the right to increase the rent at specific, stated intervals.  The intention to increase rent during the term or any further terms of a Lease, must be stated within the Lease Agreement. It is important that the terms of your Lease are clear and easily understood – and this […]

Leases and Licences are types of agreements that can be used to allow a person to occupy land or a building owned by another in return for rent or a licence fee. If you are thinking of implementing either a Lease or a License, you should be aware of the differences of each of these […]

If you find yourself negotiating a commercial lease for the first time, being familiar with these key lease issues will help you strike a better deal. Rent free /reduced rent period  Often a landlord will offer incentives to lock in a high-quality tenant.  Sometimes the incentives are tied to longer lease periods, to afford the […]

Guarantors are the people (or other legal entities) who agree to be responsible for the debts of the tenant, should the tenant default. If a tenant is leasing the premises in his or her own name, then personal guarantees are less likely to be required. But if the tenant is a company, it is common […]

“Assigning” and “subletting” may sound like interchangeable terms.  But as we shall see, they are vastly different. If you have space in your leased commercial premises (either all or part) that you are thinking of assigning or subletting to another, you should make yourself familiar with the legal effects, the pros and the cons of […]

Conducting business with people who you don’t know very well can be risky, especially when large sums of money are involved. Sometimes it’s just not enough to rely on gut instinct or the say so of the parties involved. It is prudent to conduct targeted enquiries or due diligence about the party you are considering […]