Are you an industrial tenant and think you’re not covered by the Retail Leases Act? Think Again!

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We would rarely expect that an industrial tenant may be deemed as ‘retail’ under the Retail Leases Act 2003 (the Act), but a recent decision by the Supreme Court of Victoria means that we need to question all industrial leases in Victoria. Previously we would use the ‘ultimate consumer’ test to determine if a tenant […]

Amanda Falahey and Teree Clare

How we measure commercial real estate experience

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We often hear people referring to their ‘experience’ – whether they’re trying to sell to us or we read it in a media article, but what really is experience? One person’s gauge of good experience can vary greatly from another’s. Experience shouldn’t be counted in years, but in the work that you do, the results […]

What’s involved in a lease renewal?

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What’s involved in a Lease Renewal?   At least 18 months out from the expiration of your existing lease you should be considering whether you will be seeking a lease renewal or possibly relocating. Allowing plenty of time is important to weigh up the options available to you and allow you to make well informed […]

Handing back keys after vacating commercial property

Vacating Your Leased Commercial Property

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When vacating a commercial property, there are a number of things that must be done before you can hand back the keys to the Landlord. Most of what is required should be documented within your lease, however you must ensure that you read this carefully as the information can be hard to find. So what […]

Ticking checkbox for lease check-up

Annual Lease Check-Up

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It’s the New Year and for a small business this is often a time for reviewing, planning and goal setting. This should include your commercial lease. As business owners we tend to focus our energy on the parts of our business that we believe can be changed or altered with the least amount of impact […]

Office undergoing make good

Make Good Tips

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Make good obligations, also known as lease exit obligations, are often overlooked but can be one of the most important clauses within a lease.  The make good clause generally requires the Tenant to bring the premises back to its original condition at the commencement of the lease. Often the clause can be very onerous on […]