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  • #991213
    • Total posts: 1

    Hi everyone, my first post here :)

    Was wondering if anyone would be able to help me out with a copy of simple commercial/retail leasing contract.

    Ok a bit of background – where I am in semi-rural Victoria, it happens to be a tough time for small businesses with many closing down and many commercial properties around ‘For Lease/Sale”.

    I own one such small retail property for which I just have had my very first tenant since it has been on the market for the last three years. Given poor market conditions we have agreed on following conditions:

    – initial 3 weeks rent free,
    – month to month contract
    – three month notification period if I wanted to cancel the Lease and get the lessee to move out.
    – lessee pays rent on monthly basis and agreed outgoings when due.

    Lessee has moved in and the agreed 3 weeks rent free period is nearly over, so we would like to get on paper what has been agreed verbally. This is a direct lease, no real estate agency is involved.

    It would be great to get some general advice from the community here as to if there is anything critical we might be missing and was hoping that I might even get a few sample lease agreements that I can adapt to to suit my situation. At this stage, both of us are trying to keep costs low as we possibly can to be able to help each other out so was after some free advice.

    Thanks everyone

    Alex (LegalVision)
    • Total posts: 52

    Hi Murraya!

    It’s definitely a good idea for you to get the lease in writing. Although verbal agreements are legally binding, if it comes to a dispute or disagreement down the track it is in both parties’ favour to be clear on all of the terms and conditions regarding the lease agreement.

    There is also certain State-specific legislation regarding retail leases, such as the minimum time limit of 5 years (including options to renew) in Victoria.

    Since your tenant has already moved in I would say that you are in pretty urgent need of drafting a lease agreement. At LegalVision we draft and review commercial/retail lease agreements on a fixed-fee basis and since we’re based online our overhead costs are low and we transfer that saving onto our clients – https://legalvision.com.au/need-lease-agreement/. If you’re wanting to save money but still want to protect yourself with a quality lease agreement then our service seems the right fit for you!

    Give us a quick call sometime today for a free consultation or check out our website articles for more information on retail leases https://legalvision.com.au/leasing-loans/drafting-commercial-lease/ . We also have some free documents if you still want to DIY :)

    Feel free to get in touch via email if you have any more questions!

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