leasing

Leases

As Gold Coast Commercial Leasing Lawyers, our services cover a wide range of lease management tasks to meet all your needs. We begin by drafting clear and legally sound lease agreements just for you. We also handle negotiating lease terms and conditions, making sure everyone involved is happy with the deal. Additionally, we specialize in subleasing, assigning leases, and making changes to existing agreements. If you find yourself searching for “Commercial Lease Lawyers Near Me”, our flexible solutions help our clients manage their leases easily and effectively, ensuring everything runs smoothly.

There are many different forms of Leases. Most of which have standard and onerous terms and conditions. You need a lawyer to best protect your interests and to ensure you understand all that is entailed in the proposed Leasing agreement.

Landlords retain commercial lease lawyers Pimpama for many different reasons such as preparing Lease agreements with clauses to protect the Landlord against various issues, to understand their rights and obligations or to settle disputes.

Landlords have to follow certain rules and regulations. For Retail Shop Leases, Landlords and Tenants alike have processes that they must adhere to in certain situations such as damages to the premises, who is obligated to make repairs or a breach of the Lease. Was adequate Disclosure given according to the rules and regulations? If these processes are not carried out according to Legislation, this creates time consuming and costly issues that need to be addressed if a dispute arises and especially if the matter is taken to Court.

We also go through individual aspects such as security. Bank Guarantees are recommended as in the event you received a cash security and the Tenant goes bankrupt, the Bankrupt Trustee can clawback the security provided to you. Although a Bank Guarantee is preferred, if a cash deposit is insisted, we recommend the Landlord register their interest on the Personal Property Securities Register (PPSR). This creates a secured interest in favour of the Landlord.

When you enter into a Lease, you are agreeing to pay the Landlord rent as specified in the document for whichever term noted, e.g. three or five years, so it is important you are aware of what is in the Lease as you have to adhere to the agreement. A Leasing Lawyer Gold Coast will make sure you are aware of your rights.

Demolition clauses

For example, you enter into a Lease for a term of ten years. You plan to operate a fine dining restaurant and spend $80,000 in fitout and decoration, unaware of the demolition clause. Six months into the Lease the Landlord decides to terminate the Lease with no to little compensation as they are able to do so under the clause.

Should I register my Lease?

The general Principle is if a Lease is over three years the Tenant requires the Lease to be registered. This is important as if the premise is sold and the new owner/Landlord has to honour the options noted in the Lease, i.e. the tenants leasehold interest is protected.