Commercial Lease Agreement Australia

Commercial Lease Agreement

A commercial lease agreement is a contract between the owner of a commercial property, known as the landlord or lessor, and a third party, known as the tenant or lessee. The contract outlines the obligations and rights of both parties, along with any specific terms and clauses.

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Commercial leases for business

Commercial lease agreements cover retail leases (for the operation of retail shop businesses), commercial leases (non-retail businesses), licences (for short-term periods) and sub-leases (an agreement between a tenant and a third party).

The majority of Australian small businesses rent commercial property rather than buying it, because it requires less capital. However, commercial leases are usually more complex than residential leases, because the terms and conditions vary from lease to lease, and are usually negotiable.

Commercial leases also offer fewer legal protections than residential leases, so it’s crucial you understand the terms and conditions before finalising your agreement. Failure to secure a commercial lease agreement that adequately protects your requirements will potentially impact the integrity and success of your business.

What’s included in a commercial lease agreement?

Secure the services of a specialised lawyer who can help you review and tailor the document to ensure you protect your business interests

Many commercial leases are generic, and because there is no industry standard, they won’t incorporate your unique business needs. It’s advisable to formalise your specific requests, and it’s also important to ensure the contract excludes any clauses that are not applicable to your business. Reviewing, drafting and signing a commercial lease agreement can be a daunting task, which is why it’s important to secure the services of a specialised lawyer who can help you review and tailor the document to ensure you protect your business interests. At Lawbase, we have extensive experience negotiating favourable terms for small businesses, so if you require a customised commercial lease, please contact us today.

Need assistance with a commercial lease?

Fill in the form below and one of our commercial lease specialists will be in touch. You can also phone 1300 149 140 during standard business hours.

 

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