Commercial Leasing Basics: Outgoings – When more “Outgoing” is not such a good thing
Yes, “outgoing” in the sense of additional tenancy costs (not me after 3 negronis!). The term “outgoings” in a commercial lease generally refers to additional expenses relating to the property that the tenant must pay [...]
ATO Recommencing Directors Penalty Notices – Company Directors TAKE NOTE!
During the COVID-19 pandemic, the ATO offered administrative relief to businesses who were experiencing financial difficulty. However, Directors were not absolved from their personal liability under the director penalty regime. Now that lockdowns have ended [...]
5 reasons why those cut and pasted Terms & Conditions are a bad idea
Like ill-fitting budgie-smugglers T&Cs are often crafted with a particular business in mind and the unique challenges it faces. At best, using someone else’s means the terms are likely not effective protection for your particular [...]
Everything you need to know about PPSR
The PPSR is a national register of claims to security interests in personal property. It is vital to know your rights and obligations in relation to PPSR registrations to ensure your interests are registered against [...]
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. [...]
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