What Retail Landlords Cannot Claim as Outgoings
In QLD, a retail landlord cannot recover outgoings such as land tax, key money or goodwill payments, capital costs, or their own loss of profits insurance from a tenant, regardless of how the lease is worded.
Why Leases Matter When Financing the Purchase of an Existing Business
Matt Webber, an experienced finance broker with LendSmart, shares his insights in this guest post on why lease terms can make or break a business purchase and its funding.
Don’t Miss Your Lease Option to Renew
Most commercial leases in Queensland include a specific window of time in which you must notify the landlord of your intent to exercise an option to renew. This window often falls somewhere between three and six months before the lease expires.
3 Key Steps to Assignment of Lease in Queensland
But obtaining consent to an assignment of lease is not always straightforward. This can become a hurdle filled with delays, uncertainty, or unexpected conditions.
Why Unfair Contract Terms Matter
Many different contracts fall within the definition of ‘standard form’, ranging from mortgages to phone contracts. While some parties may attempt to make certain changes to a contract so that it can avoid this classification,
End of Lease Term: Stay, Go or Renegotiate?
The end of a lease is a valuable opportunity to pause and consider whether your current space still meets the needs of your business.
Personal Guarantees: What You Need to Know Before You Sign
A personal guarantee is a legally binding promise that you, as an individual, will repay a business debt or obligation if the business cannot.
Should I Register My Commercial Lease with Titles Queensland?
Imagine investing thousands of dollars into your dream business, renovating your premises, installing custom signage, and building a loyal customer base, only to discover that your lease isn’t legally secure if the property is sold. This is the risk of an unregistered commercial lease in Queensland. Many business owners assume that a signed lease agreement […]
Documents Required Under the Retail Shop Leases Act (QLD)
Entering into a retail shop lease is an exciting step that can bring significant growth and new opportunities to your business. However, navigating this process requires a clear understanding of the legal steps and obligations involved. The Retail Shop Leases Act 1994 (QLD) (the Act) outlines essential documents and requirements designed to protect both landlords […]
The Impact of Queensland’s new Property Law Regime on Lease Assignments – Part 3 (s144)
