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. This can often take the form of a clause contained within an estate agent’s proforma Lease Offer document. In many [...]

2022-01-09T22:52:29+00:00January 9th, 2022|Property|Comments Off on Commercial Leasing Basics – Who pays lease preparation costs?

2021 Commercial Tenancy Rent Relief Scheme

The 2021 Commercial Tenancy Rent Relief Scheme (the 2021 Scheme) has been reintroduced to help small to medium-sized businesses who were in an eligible lease as at 28 July 2021, have an annual turnover of less than $50 million, and have suffered a loss in turnover of more than 30% during the pandemic.  It is [...]

2021-11-03T23:50:38+00:00September 21st, 2021|Business Advice, Dispute Resolution, Property|Comments Off on 2021 Commercial Tenancy Rent Relief Scheme

Amendments to Commercial Tenancy Relief Scheme gives Small Business Commission the power to make binding determinations

The new Regulations that extend (and amend) the Commercial Tenancy Relief Scheme in Victoria have now been passed and are in force. Apart from widely publicised amendments to the regulations and enabling legislation (such as an extension of the scheme until 31 December 2020) a rather extraordinary component of the amended regulations is the power [...]

2020-11-25T23:22:53+00:00September 29th, 2020|Business Advice, Property|Comments Off on Amendments to Commercial Tenancy Relief Scheme gives Small Business Commission the power to make binding determinations

Like buying a 1999 Saab convertible: The importance of understanding the commercial lease obligations when buying a bargain business

Like in other times of economic turmoil, bargain businesses are now increasingly on the market. However, just like buying an old car, sometimes the alluringly low upfront price of a business obscures the painful reality of extraordinary costs you’ll have to bear down the track. As commercial lawyers, we are often asked to assist to [...]

2020-09-13T22:37:52+00:00September 13th, 2020|Business Advice, Contracts, Corporate Advisory, Property|Comments Off on Like buying a 1999 Saab convertible: The importance of understanding the commercial lease obligations when buying a bargain business
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