When commercial landlords and tenants are in the process of negotiating a new premises lease, it is common for some initial agreement to be made in relation to the costs for preparation of lease documentation. This can often take the form of a clause contained within an estate agent’s proforma Lease Offer document. In many [...]
The 2021 Commercial Tenancy Rent Relief Scheme (the 2021 Scheme) has been reintroduced to help small to medium-sized businesses who were in an eligible lease as at 28 July 2021, have an annual turnover of less than $50 million, and have suffered a loss in turnover of more than 30% during the pandemic. It is [...]
The new Regulations that extend (and amend) the Commercial Tenancy Relief Scheme in Victoria have now been passed and are in force. Apart from widely publicised amendments to the regulations and enabling legislation (such as an extension of the scheme until 31 December 2020) a rather extraordinary component of the amended regulations is the power [...]
Like in other times of economic turmoil, bargain businesses are now increasingly on the market. However, just like buying an old car, sometimes the alluringly low upfront price of a business obscures the painful reality of extraordinary costs you’ll have to bear down the track. As commercial lawyers, we are often asked to assist to [...]
