Commercial Leasing Basics: Rent Reviews – Getting agreed rent adjustments right
An integral aspect of commercial leases is the configuration of ‘rent reviews’ according to which rent is adjusted and agreed intervals during the lease term. These intervals are the agreed review dates. The rental payable [...]
Commercial Leasing Basics – The importance (and dangers) of Personal Guarantees
Often in entering into a new commercial lease, the landlord will insist that the tenant offer a separate personal guarantee, particularly where the tenant is a company or an individual with little to no assets. [...]
Commercial Leasing Basics – Accurately describing and assessing the ‘Permitted Use’
The “permitted use” section in a lease describes how a tenant is allowed to use the premises during the lease term. The permitted use is often located in the ‘Schedule’ or ‘Particulars’ of the lease [...]
Changes to Victoria’s Pandemic Orders for “Specified Facilities” and “Specified Workers”
On 12 January 2022, changes were made to the current ‘mandatory vaccination’ orders in Victoria. If you are an employer or a worker in aged-care or healthcare, covered by the ‘Specified Facilities’ Order, the definition [...]
Commercial Leasing Basics – Who pays lease preparation costs?
When commercial landlords and tenants are in the process of negotiating a new premises lease, it is common for some initial agreement to be made in relation to the costs for preparation of lease documentation. [...]
The Top 4 Reasons Your Business Should Have a Workplace Vaccination Policy
Unless you have been living under a rock these past few weeks, you would know that there are several mandatory vaccination directions in place, which impact on how we live and work. It is likely [...]
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