The commercial terms upon which parties agree to enter into a lease between the parties are usually set out in a document called: a "heads of agreement" (HOA); a "lease proposal";...
Can a lease be varied? A lease, being a contractual agreement, can be varied by way of a supplementary agreement between the parties. If considering a variation of lease, it is important to determine...
It is unlikely that a company will still exist after the end of a period of liquidation given that the purpose of the appointment of a liquidator is: to use the assets of a company to pay the company’s...
Commercial Building Disclosure (CBD) program The Commercial Building Disclosure (CBD) program is a national regulatory program established by the Building Energy Efficiency Disclosure Act 2010 (Cth)...
What is an agreement for lease? An agreement for lease is a document separate from the lease. It is an agreement to enter into a lease at a later date on the terms set out in the agreement for lease...
What is an incentive? A landlord may give a tenant an incentive to enter into a lease. An incentive is generally (but not always) recorded in a separate incentive deed. See the Precedent Lease incentive...
Understanding how to provide security for performance of tenant’s covenants is essential for landlords and legal practitioners managing lease agreements. This guidance note covers critical forms of tenant security and key legal considerations that impact risk management in commercial leasing. It highlights practical implications to prepare for before commencement.
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