Tag: Commercial Leasing

The very knowledgeable Wendy Thomson has shared this excellent article on how Commercial Property managers are dealing with Tenant requests for rent abatement or reduction. If you’re a landlord who manages your own commercial or retail property you can use Wendy’s advice if you’re dealing with the same situation. For most Commercial Property Managers (CPMs), […]

1 Download and complete the Transfer from LandGate WA. 2 Send the completed Transfer to the Office of State Revenue (OSR) 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 matrimonial home, […]

1. Download and complete the Transfer from the Land Titles Office. 2. Send the completed Transferto the 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 matrimonial home, you may […]

This article is broken down into two sections:- The pros and cons to the sublessor (the person who is the tenant under the original lease and who is subleasing the whole or part of a premises to another); The pros and cons to the incoming sublessee (the person who is renting from the original tenant);. […]

We received a burning question from Peter regarding leases. He asked… “I own a retail shop and it has just been vacated, the new tenant does not want a lease, they just want to rent it month by month. I know the person and am happy with the arrangement however I want to know if […]

What is a Sublease or Sublet Agreement? A Commercial Sublease Agreement is used to sub-let the whole, or a part of, leased premises. It creates a legal relationship between the incoming sub-tenant and the existing tenant (head-tenant), creating certain rights and obligations between them (and not the landlord) – in short, the right to occupy […]

1. Download and complete the the following forms from Titles Queensland. Form 1 – Transfer Form 24 – Property information (transfer) Form 25 – Foreign ownership information (only complete this form if the transferee is a foreign person 2. Transfer duty, or stamp duty, is a tax that applies to a transfer of dutiable property. […]

Even where every effort has been made to negotiate a fair lease, issues can nevertheless arise between the landlord and tenant in commercial and retail leases. The first step when dealing with a dispute, is to read the terms of your lease carefully. Often, there will be a dispute resolution clause which will outline in […]

“Assigning” and “subletting” may sound like similar terms, but they are vastly different and serve a different function. Click to see Larger Version In an Assignment of Lease – the tenant steps out of the Lease and a new third party called the Assignee steps into their shoes. The Assignee takes over the rights and […]

It is a situation landlords hope they will never experience. Their tenant has stopped paying rent and they need to take action to mitigate the damage to their bottom line. The Landlord needs to consider whether they will terminate their commercial lease agreement. But how does a commercial investor go about evicting a tenant who […]