We are actively engaged with the status of the Melbourne commercial market, our expertise is Commercial Management and Leasing.
An assignment of lease occurs when a tenant assigns/transfers their lease to another party. An assignment or transfer is essentially the same situation. A tenant must seek approval from the landlord to transfer a lease.
Can you believe we are already into the 2nd month of the year. Just before Christmas we became aware the rent relief regulations were extended again until 28 March 2021, with provision to be extended until 26 of April 2021.
Here’s a brief run down on some of the key components to a Commercial lease.Rent The tenant is required to pay rental in advance on the first day of the month. The lease does not require a request for payment however as a managing agent we invoice the tenant on...
The main amendments incorporated into the Retail Leases Act 2003 The main amendments incorporated into the Retail Leases Act 2003 (Version 4 October 2020) are listed below and came into operation on 1st October 2020. ExpensesExpenses relating to the repairs...
The extended restrictions in place in Victoria have impacted landlords and tenants alike.
Whilst the State Government legislation is currently due to expire on 29 September the regulations in parliament are proposed
to be extended until 31 December, with further capacity to be extended until April 2021.