As many small business owners know, one of the most important assets of a business is its lease. Another significant asset of a business is goodwill and it often relies on where the business is located. With this in mind, all business owners should take care to ensure that their lease affords them the greatest opportunities, whilst protecting against some of the risks that can be involved in taking on a commercial lease.
For instance, if you are about to enter into a retail shop lease, you should be aware that there is legislation in place in Western Australia called the Commercial Tenancy (Retail Shops) Agreements Act 1985. This Act sets out certain provisions and conditions that must be contained in a retail shop lease.
Our team has extensive experience in drafting and advising on commercial and retail leasing. We regularly act for both landlords and tenants in transactions ranging from large commercial developments to warehouse leases to your local corner store. This range of experience puts our clients in an enviable position when negotiating.