Leasing & Commercial Law
A Lease or tenancy is the right to use or occupy real estate property given by a Lessor or Landlord to another person usually called the Lessee or Tenant for a fixed or an indefinite period. By this document, the Lessee obtains exclusive possession of the property in return for paying the Lessor a fixed or determinable consideration or rent.
Leases are of two types, residential and commercial each of them affecting the corresponding property.
The Legal Document that transfers the control over a property (other than the ownership), called Lease, is very extensive and technical at times.
Generally, contractual leases over a commercial property are very detailed, however, where a contract is silent or ambiguous there is the Leases (Commercial and Retail) Act 2001 which is the legislation in charged with the interpretation of a Lease.
Our Senior Partner, Alan Hill has extensive experience in Leasing, selling and buying businesses in the ACT & NSW therefore, he has introduced a Leasing practice into the firm.
If you are thinking of entering into a Lease, if you are having trouble with your current lease or are serious about subleasing or franchising your business, please give as a call or send us an email, our Leasing Team will be more than happy to assist you with all your legal needs.