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:
What the leased property or space can be used for
Restrictions on trading hours
What constitutes a breach of the lease
Penalties for terminating the lease early
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:
Drafting commercial contracts to accurately reflect the agreement struck between the two parties
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:
Drafting letters of intent
Coordinating insurances and bank guarantees through the Department of Natural Resources and Mines
Assigning, varying or surrendering a lease
Registration and termination of commercial leases
Handling lease dispute resolution, including acting for you should litigation be necessary
Negotiating terms of the lease – for either landlords or tenants
Acting for landlords and tenants to ensure all obligations are complied with
Advising on subletting of premises
Handling agreements for storage, parking and other facilities under the Retail Shop Leases Act
Assisting assignees and assignors to obtain approvals required to enter the lease
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 and Coolum Beach – or at Airlie Beach, the gateway to the Whitsundays. Simply call (07) 5444 1022 today.
Employee Protections at work – Know your rights Whether you are an employee or an employer, you need to be aware of your rights and entitlements to ensure you and/or your business are protected. In Australia, the Fair Work Act 2009 (Cth) (the “Act”)...
You’ve only got one week left before EOFY to take full advantage of the tax benefits! We all know EOFY is next Thursday the 30th of June and can be stressful when it comes to reviewing your business operations, but are you taking advantage of...
Key business takeaways from the QLD 2022-23 Budget announcement Payroll tax cuts for small to medium sized businesses, in effect as of July 1. Businesses across Queensland with payrolls under $10.4 million, will receive a payroll tax cut! ...
Traffic penalties to increase from July 1, 2022. From 1 July 2022, high-risk driving behaviour that continues to cause serious injury and loss of life on our roads will face tougher penalties. If you have been charged with any traffic offence, such as drink or...
Tax planning can help ensure you are maximising your business and its profits. Whether as an individual or a business, you can reap a lot of benefits from tax planning. And we can help with this to ensure you don’t have any surprises waiting for you at the end...
3 tips to start a successful business. So you’ve been toying with the idea of starting a business. You have the idea, you have the means, so how do I monetise it? In a saturated marketplace, going out on your own can be extremely daunting....
Contact Your Nearest Office
If you are interested in meeting with an accountant or lawyer regarding your business or commercial interests, please fill out the form to book an appointment or call (07) 5444 1022