Retail landlords and tenants beware! Are you ready for the new retail leasing changes coming?

1 min read

As I indicated in our last newsletter there are a number of changes coming to retail leasing on 1 July this year. This month we look at the other important changes coming

The 5 other changes relevant to you are:

  1. Certain non retail uses are now excluded from the Act
    • ATM s vending machines communication towers public telephones and similar uses are now excluded from the legislation under a schedule to the Act
  2. Agreements to lease
    • There have been changes made so that agreements to lease are now covered by the Act so that a disclosure document will need to be provided up front with one of these.
  3. Penalty notices
    • The Act will now mean that penalty notices can be issued by relevant authorities for breaches of the Act . If you are served with one of these you can elect to pay the penalty or contest it in s court
  4. Appointment of specialist retail values
    • The registrar can appoint a panel of valuers to determine market rent under the Act
  5. On line transactions
    • Income from on line transactions is not to be included in any calculation of turnover rent except in exceptional circumstances

There are some further more minor changes. The most fundamental change and the elephant in the room is in respect of disclosure of outgoings in the lessors disclosure document. This will need to be very carefully managed by landlords and their solicitors to ensure no nasty surprises down the track if this article is of interest to you please contact PBL Law Group to discuss further.

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Picture of Authored By<br>Raea Khan

Authored By
Raea Khan

Director Lawyer, PBL Law Group

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PBL Law Group were fantastic. Anita from PBL worked with us closely during our property search and made the exchange and settlement process smooth and stress free. Highly recommended.
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PBL handled my late mothers estate, they were very obliging and patient with any and all questions that we had, thank you to David , Sharon and the other staff that we dealt with, everyone was so easy to talk to and friendly .David came to the home where my Mother was living and helped her to get her will in order, Sharon helped us through the process of executing her wishes when the time came even doing a house call which was so much easier, thank you all so much
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I have experienced an excellent service from PBL (especially from Anita) during the sale of my recent property on Central Coast, and during the purchase of our current property in Sydney. Throughout many challengers, especially with the sale, Anita presented her very professional and knowledgeable conveyancer, positively solving all obstacles. "Above and Beyond" Award going to Anita!!! :-)
Amanda Reitzin
The five-star reviews are well-deserved. I needed a motion and a bylaw drawn up for urgent repairs of my strata unit and the AGM was in two weeks' time. My solicitor was friendly, efficient, knew what documents to ask for, and had all the paperwork prepared well within the timeframe. She also took the time to run through all the legalese and the different possible scenarios with me to make sure I understood. I am so glad to have found this firm and I will not hesitate to use their services again in future if the need arises.
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Anita is amazing! So attentive, approachable and communicates everything every step of the way. I have now bought and sold property with Anita and I cannot recommend her highly enough.
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Our Commercial Property conveyancing was handled very professionally. Anita’s experience and responsiveness was an asset in this transaction.
Trace M
I am so grateful for Anita Bradley from PBL Law Group helped me with this property settlement, she has went above beyond to ensure I understand everything because of our deafness. I will recommended Anita or their team. Thank you so much for all the hard work you have done for us.
Tricia Wheatstone
For almost 18 months I have been a client of Alex Ilkin. Alex is very knowledgeable and professional and has consistently provided me with thorough, honest and well set out advice, including steering my case through appeal proceedings. He always worked for my best interests with integrity and compassion. I recommend Alex and his team at PBL.