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 by the tenant after each scheduled review date is adjusted in accordance with an agreed formula that is set out [...]
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 [...]
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 [...]
The Queensland Civil and Administrative Tribunal (QCAT) has been in the news this week after it was reported that a landlord on the Sunshine Coast would be forced to discount rent for its long-term tenants after the QCAT ruled the landlord could not demonstrate that reducing the rent would put the landlord at a financial [...]
