Yes, “outgoing” in the sense of additional tenancy costs (not me after 3 negronis!). The term “outgoings” in a commercial lease generally refers to additional expenses relating to the property that the tenant must pay in addition to the rent. These typically include (but aren’t limited to): rates, levies and assessments imposed by any local [...]
On 24 April 2020, the COVID-19 Omnibus (Emergency Measures) Act 2020 (Vic) came into effect (the Legislation) following similar legislation in other states. This legislation provides for a range of measures to help Victorians cope with the impact of the Covid-19 crisis. However, we are still not there yet in terms of complete clarity for [...]
Doing the rounds on LinkedIn of late reveals a plethora of information, tips and tricks for tenants and landlords alike to get through the current difficult climate. These include: recommendations for tenants in requesting rent abatement or reductions; advice for landlords on realising security upon a tenant’s default, making insurance claims and vacancy minimisation strategies; [...]
