lease Articles
How Long Does Your Commercial Lease Run?
July 12th, 2016 by | Property & Leases
If you’re a tenant seeking commercial space, or a landlord leasing commercial space, note that the policy of the Retail and Commercial Leases Act 1995 is to give commercial tenants a minimum of 5 years, whatever the lease says. Sections 20B (1) and (2) of the Act state: “(1) The term for which a retail shop… Read more »
Commercial Lease Negotiation Essentials – Part 2
May 11th, 2015 by | Property & Leases
Welcome to Part 2 of my “Commercial Lease Negotiation Essentials” which looks at some other things that landlords and tenants should consider before signing an Agreement to Lease. Lease terms are important to landlords for a number of reasons including that the value of the property will is directly related to the strength of the… Read more »
Commercial Lease Negotiation Essentials – Part 1
May 8th, 2015 by | Property & Leases
Unfortunately, as lawyers, we are usually asked to prepare or advise on Commercial Leases, Director Guarantees and Disclosure Statements after lease negotiations are complete and the parties have already committed to an Agreement to Lease (which is generally binding irrespective of whether a final lease is executed). We can add significantly more value during (or preferably… Read more »
Concurrent Lease Used To Sell Right to Property Income
March 10th, 2014 by | Commercial Transactions, Property & Leases
There are a number of reasons why one may want to sell or transfer the right to receive rental income from a leased property. They include: (1) The desire to convert the future rental payments into an upfront capital amount by selling the right to receive rental income; (2) estate planning purposes and the desire… Read more »
