Commercial leasing

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Commercial lease agreements should always be entered into carefully, with diligent consideration given to the terms and any risk involved, whether you’re the landlord or the tenant. It’s always wise to have legal expertise on your side.

With potential to be quite complex, especially in comparison to residential rental agreements, a commercial lease agreement is a legally binding contract that outlines the rights and responsibilities of each party – the landlord and the tenant – for the duration of the lease.

Regardless of whether it’s for office space, a retail store, a hospitality venue, industrial premises or any other place of business, a commercial lease typically covers matters including:

 

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What the leased property or space can be used for
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Restrictions on trading hours
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What constitutes a breach of the lease
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Penalties for terminating the lease early
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What happens should either party become insolvent

 

A poorly drafted lease, or inadequate advice when entering into a lease agreement, can cost thousands of dollars and even put you out of business.

If you are thinking about entering into a commercial lease, it is important to have an experienced commercial lawyer guide you through the process.

Greenhalgh Pickard’s lawyers have considerable expertise in property law and experience in all aspects of commercial leasing – whether for office, retail, industrial or other purposes – including:

 

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Drafting commercial contracts to accurately reflect the agreement struck between the two parties
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Reviewing commercial lease documents to identify and negotiate any onerous or unusual terms contained within

Legal expertise for commercial landlords

 

Greenhalgh Pickard can draft commercial or retail lease agreements to protect your interests as the landlord, while ensuring the process is smooth and cost effective.

 

Legal expertise for commercial tenants

 

Greenhalgh Pickard can provide peace of mind by reviewing your commercial or retail lease agreement before you sign and advising on certain terms and clauses that should be negotiated to ensure your rights as a tenant – and your business – are protected.

Associated legal services

 

In addition to drafting and reviewing commercial lease agreements, predominantly for clients on the Sunshine Coast and the Whitsunday region in Queensland, Greenhalgh Pickard also provides the following services as necessary:

 

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Drafting letters of intent
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Coordinating insurances and bank guarantees through the Department of Natural Resources and Mines
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Assigning, varying or surrendering a lease
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Registration and termination of commercial leases
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Handling lease dispute resolution, including acting for you should litigation be necessary
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Negotiating terms of the lease – for either landlords or tenants
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Acting for landlords and tenants to ensure all obligations are complied with
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Advising on subletting of premises
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Handling agreements for storage, parking and other facilities under the Retail Shop Leases Act
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Assisting assignees and assignors to obtain approvals required to enter the lease

Complete advice

Property transactions including commercial leasing have potential tax consequences and Greenhalgh Pickard’s accountants can also provide advice in this area.

Whether you simply want legal assistance in regards to your commercial lease or are also interested in meeting with an accountant regarding your business or commercial interests, expert help is available on the Sunshine Coast – with offices in Caloundra, Kawana Waters, Buderim and Coolum Beach. Simply call (07) 5444 1022 today.

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