Understand Your Legal Obligations:
Ensure you comply with the NSW Retail Leases Act 1994 and other applicable leasing requirements before entering into a lease.
Leasing Tips
Landlords
Entering into a commercial or retail lease involves important legal and financial considerations. At Cleverminds Legal Centre, we assist landlords in understanding their obligations, protecting their interests and avoiding costly leasing disputes.
Document Agreed Lease Terms:
Prepare clear Heads of Agreement outlining the key commercial terms before drafting the formal lease.
Provide Required Disclosure Documents:
Ensure prospective tenants receive the required lease documents and disclosure statements within the prescribed timeframes.
Prepare Accurate Disclosure Statements:
Provide complete and accurate information about the premises, rent, outgoings and other relevant leasing conditions.
Verify the Tenant's Financial Position:
Assess the prospective tenant's financial capacity, business experience and ability to meet their lease obligations.
Obtain Appropriate Financial Security:
Consider bank guarantees, security deposits and personal guarantees to protect against potential tenant defaults.