Retail shop lease costs
Lessee’s liability for costs associated with the retail shop lease
A lessee under a retail shop lease is not liable to pay any amount for the lessor’s legal or other expenses in relation to the following:
preparing, renewing or extending the retail shop lease; obtaining the consent of a mortgageeRetail shop lease outgoings
Meaning of ‘outgoings’
Under the Retail Shop Leases Act 1994 (Qld) (the ‘Act’), a lessor’s outgoings for a retail shopping centre or leased building are:
the lessor’s reasonable expenses directly attributable to the operation, maintenance or repair of the centre or building and areasRetail shop lease report
Legal Advice Report
Section 22D of the Retail Shop Leases Act 1994 (Qld) (the ‘Act‘) requires a ‘prospective lessee’ of a retail shop, or a ‘prospective assignee’ of a ‘retail shop lease’, to give to the lessor prior to entering into a retail shop lease
Retail Shop Leases Act (Qld)
Relationship of the Act to retail shop leases
The object of the Retail Shop Leases Act 1994 (Qld) (the ‘Act‘) is to promote efficiency and fairness for retail businesses in Queensland by imposing minimum standards for retail shop leases and providing a dispute resolution process
Commercial and retail leases
Commercial Leases
A commercial lease is a legally binding agreement pursuant to which the landlord agrees to grant the tenant a right of possession of a commercial premises for a period of time on terms and conditions agreed by both parties. Typically, a commercial lease will be in writing and contain