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 [...]
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. A personal guarantee is basically a legally enforceable personal promise made by an individual to the landlord guaranteeing the obligations [...]
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 (usually at the back or front of the document) and is tied to provisions within the lease’s general terms. Those [...]
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 of ‘fully vaccinated’ now includes a booster shot (3rd dose of a recognised COVID-19 vaccine). Similarly, some industries (but not [...]
