Tag Archive: lease

Rent all that’s left of shredded dream

Posted on October 14, 2013 by | 0 Comments
It’s a worldwide phenomenon called ”Generation Rent” – and it has landed in Australia. While the term is used internationally to describe the wave of people in their 20s and 30s who will never be able to afford to own homes, a report has found that permanent renting is becoming a way of life for Australians of all ages. Families, older people and young people are all increasingly being locked out of home ownership, says...

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Property damage and landlord rights

Posted on September 22, 2013 by | 0 Comments
What is a landlord’s idea of a good tenant? Is it someone who regularly maintains the upkeep of the garden or is it someone who is conscious of not spilling wine on the new carpet? Surprisingly, it’s not only malicious tenants who can cause property damage to a landlord’s life investment. Research from Terri Scheer, Australia’s leading specialist landlord insurance provider, has seen a spike in property damage caused largely by accidents, and by good...

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Four things to look out for with commercial lease agreements

Posted on September 15, 2013 by | 0 Comments
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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Retail landlords urged to ease costs

Posted on September 15, 2013 by | 0 Comments
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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