Leasing Literature. Guaranteed to keep you upright.
Update: Federal Government Confirms Commercial Lease Code of Conduct
On 7 April 2020 prime minister Scott Morrison confirmed that a Commercial Lease Code of Conduct (‘Commercial Lease Code‘) will be incorporated into state and territory legislation. The Commercial Lease Code will be mandatory, binding Landlords and innumerable Tenants. Wil
How will the Commercial Lease Code of Conduct work?
Last week the National Cabinet announced some basic principles to guide the Tenant / Landlord relationship during COVID19. Building upon those principles, key institutional bodies released a joint statement which: expanded upon the initial guidelines; and provided further commentary
Earlier this week several key institutional bodies issued a joint statement to advocate for a new National Leasing Code of Conduct. Those key institutional bodies were the: National Retail Association; Australian Retailers Association; Pharmacy Guild of Australia; and Shopping Centre
How to approach your Landlord for rent relief during COVID19
It has become evident that the Australian Government is expecting extraordinary collaboration between Landlords and Tenants during this time, primarily in respect of rent relief. A failure to exercise such collaboration will mean legislative interference, to the extent that is possib
We are starting to be able to anticipate the impact that the coronavirus (or COVID-19) will have on retailers. For some retailers, they’ve been given a big payday. Sorbent and Kleenex – we’re looking at you! However for others it’s getting pretty close to doom
Having Tenant Representation means that you acquire an independent third party to advocate for your best interests within the realms of a leasing transaction. It also means that you engage an expert to carry out a task that can be quite foreign to most CEO’s, Directors and Operatio
At Liberty Leasing we regularly post literature designed to empower and educate Tenants about commercial and retail leasing. Sometimes those articles can assume a significant level of base knowledge. So we wanted to create something solely for our first-time retailers! We have pr
Top 5 mistakes Tenants make when selecting a retail site
Selecting a new retail site is an exciting time. It’s either the start of a new adventure or a deserved expansion opportunity. If you are going through the site acquisition process alone, then you want to be mindful of some common pitfalls. Tenant Representatives regularly encounte
Once you have gone through the site selection process you will need to commence discussions (or retail lease negotiation) regarding the overall structure of the deal and some of the key terms. Retail lease negotiation is both an art and a science. The desired outcomes and where you c
Commercial lease about to expire? We outline your next steps
We have said it once; we have said it twice: Tenants put themselves at significant financial risk if they don’t give their business enough time to prepare for a commercial lease expiry date. This article provides you with user-friendly advice on preparing for that inevitable co