Leasing – Legalite

Victoria Commercial Tenancy Relief Scheme 2021

The Victorian Government has released Regulations introducing the Victoria Commercial Tenancy Relief Scheme (the Scheme) to ease financial hardship of commercial and retail tenants as a result of the COVID-19 pandemic. The Scheme has similar features to last year’s rent relief regulations. and requires landlords to provide eligible tenants rent relief that is proportionate to the tenant’s decline in turnover as a result of the pandemic. 1.What is the […]

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Retail Leases Amendment Bill – What does this mean for your lease?

Leasing, Small Business, Uncategorized / Legalite

On 15 September 2020, the Victorian Government passed new legislation amending the Retail Leases Act 2003 (Vic). This will impact all retail leases in Victoria. The amendments relate to essential safety measures, disclosure, security deposits, exercising options and market rent reviews. Why did they introduce this Bill? The intention is for the Bill to make

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How SMEs Can Manage Rent During COVID-19

COVID-19, Leasing / Legalite

Introduction With the new Leasing Code of Conduct coming into effect last week, many retail and commercial tenants across the country have a chance to breathe a long-awaited sigh of relief. To be clear, the Code doesn’t promise any magical solutions. Nor does it apply to everybody. However, it does offer a means for some

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10 Tips for Signing a Lease Offer

Leasing / Legalite

If you’re a tenant applying to lease a commercial or retail premises, you may receive a lease offer (or heads of agreement) before entering into the lease. This is a short document that sets out all the commercial terms. Once this document is agreed, the landlord will give you a lease based on these commercial

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