1. Retail lease or general commercial lease? Every Australian state and territory has specific legislation relating to retail leases. This legislation is designed to provide additional protections to retail tenants, and impose a range of obligations on commercial landlords, when compared to non-retail commercial leases. As soon as you’ve decided to enter into a commercial lease you should check whether the relevant retail leasing legislation applies. Your commercial leasing lawyer will of course be able...
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Pressure is mounting on retail landlords to lower costs for tenants, not just in rent but also marketing, maintenance and upkeep of general pedestrian areas as more shopkeepers buckle under the weight of poor sales. Bernie Brookes, the head of Myer, which anchors close to 90 per cent of all major shopping centres across the country, warned of tough times ahead, singling out high wages, rents, taxes and utility costs, on top of flat sales....
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