the commencement date, which is the date on which the lease officially commences and the date which the rent is usually payable from (unless a rent-free period applies).The handover and commencement date are often different in instances where the tenant is required to carry out fit-out works at the premises before the lease commences (commencement date) the handover date, which is the date on which the keys are handed over to the tenant and when, if required, the fit-out can begin.There are certain key dates to note in the lease, namely: However, there are certain recurring terms that nearly all commercial leases must include and which you should consider: 1.

They can be impacted by factors such as the size and location of the premises, amount of rent, market demand for the premises and its permitted use (the business that can be conducted on the premises). The terms and conditions of a commercial lease will often differ from agreement to agreement. However, irrespective of whether you are a landlord or a tenant, it is important that you understand your rights and responsibilities under the lease before entering into one. The terms of a commercial lease can often be quite complex and in many cases drafted so as to favour the landlord.

However, sometimes the distinction between commercial and retail leases can be difficult to determine for certain types of businesses. In contrast, a commercial lease generally relates to premises that are not carrying on a retail business as listed under Schedule 1 of the Retail Leases Act.

There are also other requirements that deem a lease a Retail Lease within the meaning of the Retail Leases Act.

a business (retail shop) enlisted under Schedule 1 of the Retail Leases Act.

a minimum period of six months but less than 25 years and.

A lease is deemed a retail lease if it meets the requirements under the Retail Leases Act, where it is a retail lease if it is for: Unlike commercial leases, retail leases are governed in New South Wales by the Retail Leases Act 1994 (NSW). It is important to understand that a commercial lease is different to a retail lease.

Powers of Attorney & Enduring Guardianship.

Deceased Estate and Trust Administration.

Business Structuring & Asset Protection.

Apartment lease fineprint