Leases for Business

conveyancing

 

 

 

 

 

 

Most leases make the lessee responsible for keeping the premises and fittings in good repair and many require you to pay all or a proportion of costs such as rates, maintenance and so on.

In some cases the rent may vary according to a fixed percentage or some formula such as the CPI or the turnover. Remember that your occupancy may be subject to the NSW Retail Leases Act 1994 and the conditions under which you occupy the premises must be contained in the lease you sign.

The lease ought to allow you to make any alterations necessary to your business and, if the business is in a shopping centre, you would be wise to have a restriction on other businesses which may compete with yours.

 

Call Linda’s friendly team to arrange an appointment