On 24 April 2020, the Retail and Other Commercial Leases (COVID-19) Regulation 2020 (NSW) (‘the Regulations’) was enacted to give binding effect to the leasing principles set out in the National Cabinet Mandatory Code of Conduct – SME Commercial Leasing Principles During COVID-19 (‘the National...
Summary The National Cabinet Mandatory Code of Conduct – SME Commercial Leasing Principles has been endorsed in New South Wales through the Retail and Other Commercial Leases (COVID-19) Regulation 2020. Its purpose is to impose good faith leasing principles for commercial tenancies and applies to those...
Purchaser of Shopping Centre may be liable for vendor's pre-lease misrepresentations In a preliminary hearing in the Administrative Decisions Tribunal in the matter of Red Roll Pty Limited v Multiplex Latitude Retail Landowner Pty Limited, Multiplex WS Retail Landowner Pty Limited and AWPF Management Pty Limited [2008] NSW...
Most Leases provide a mechanism for market rent reviews during the term of the Lease or upon exercise of options. The usual Lease provision requires the Lessor to give the Lessee a determination of its assessment of the current market rent and if the Lessee...