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Long-term leases

Long-term leases present unique legal complexities that practitioners must understand to navigate property law effectively. This guidance note explores the critical aspects of long-term leases.

Topics Covered

  • What are long-term leases?
  • Purchasing an assignment of a long-term lease
  • Tenants’ obligations under long-term leases
  • Landlord’s authority to grant a long-term lease

Essential Insights

  • Evaluate landlord authority carefully, especially for government-owned land leases.
  • Consider the legal ramifications of assigning long-term leases and related due diligence.
  • Understand tenant obligations that often mirror those of property owners, including structural responsibilities.
  • Recognise jurisdictional limitations on lease terms and renewal options, particularly in New South Wales.
  • Identify critical documentation and registration requirements to secure legal interests in leasehold property.

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