Commercial Tenancy Agreements Qld
If you rent premises for retail purposes or if the premises are located in a retail shopping centre (where five or more retail businesses are located), it is likely that the legislation on retail leasing applies to the lease agreement. Retail leasing legislation sets binding minimum standards for retail leasing in Queensland and offers tenants more protection than traditional commercial leases. The legislation covers issues such as advertising obligations, revenue leasing, extension options, expenses to be paid and recovery requirements, rent review mechanisms, negotiation deadlines, moving and demolition procedures, dispute resolution and rent compensation rights. Note that in addition to the obligation to pay rent and expenses, it is common for a landlord to require the tenant to pay a rent registration fee, a mortgage approval fee, and the fees for each survey plan to be appended to the lease agreement. In some commercial leases, the landlord requires you to pay their attorney`s fees. This is often negotiable. General commercial leases are subject to the common law. These are essentially contracts between two parties, who are free to enter into any desired agreement. However, some important laws govern these treaties, such as the Commonwealth Australian Concurrence and Consumer Law Act 2012, which governs misleading and deceptive conduct and other prohibited business practices, and Part 8 of the Queensland Property Law Act 1974. This type of leasing is a type of commercial lease that concerns a warehouse, factory or workshop site. It does not have any of the special tenant protection provisions that apply to retail leases, but has all the features that are common to other leases. Landlords – are required to show the tenant a statement of information about the lease. This document must contain summary information about the proposed lease agreement.
Depending on the nature of the business carried on the premises, the location of the premises and the duration of the lease, laws and conditions vary. . . .
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