Managing a retail lease is an important part of running a successful business.
A lease secures a business’s right to trade at a premises. For the property owner, it can underpin the revenue that supports an investment decision.
A lease is a major commitment and it is critical that you understand your rights and responsibilities as a tenant (lessee) or landlord (lessor) before you enter a lease agreement and when any issues arise during the term of the lease.
The Commission offers expert advice on retail leases and can help resolve a dispute over a lease through mediation. It may be a requirement under the NSW Retail Leases Act 1994 to try to resolve a dispute through mediation conducted by the Commission (as the Registrar of Retail Tenancy Disputes) before going to court.
You can also contact us directly for advice.