A Retail or Commercial Lease is a contract between a business owner and an owner of a real estate property.
These leases are generally more complex than residential leases and customised based on the premises being leased and any requirements of the business. Whether you are a landlord or prospective tenant, we would recommend seeking legal advice from an experienced lawyer to assist with this process as it can be much more complex than what meets the eye.
GW Lawyers can help you with all areas of both retail and commercial leases including but not limited to:
- Drafting or reviewing the Retail or Commercial Lease;
- Understanding the terms and conditions of the lease;
- Negotiating the terms of the lease such as:
a. the rent amount and annual increases;
b. duration of the lease;
c. when the lease can be exited;
d. subletting options;
e. relevant insurance requirements; and
f. works or modifications required to be made to the premises; and - Explaining exactly what the lease includes including all common areas, parking areas and bathrooms; and
- Correctly executing and registering the lease.
If you have already entered into a lease and need to have your lease renewed or you have a dispute in relation to your lease, contact GW Lawyers for assistance. We can help you review your existing lease and negotiate any renewal terms. In the event there is a dispute that cannot be resolved between the landlord and tenant, the matter may need to be taken to the NSW Civil and Administrative Tribunal and our experience team can help you get the best possible outcome.
Before entering into or renewing any lease let the experienced team GW Lawyers assist you with you any questions you may have, and break down your obligations under the lease to help and ensure a smooth and pleasant process for both the landlord and tenant.