Written by The Leasing Department We’re already one-twelfth of the way through 2018! How are those new year’s resolutions going? In our last article, “Five New Year’s Resolutions for your retail lease”, we recommended the following resolutions we believe would ensure your lease is healthier and more financially secure in 2018: Complete a retail lease […]
Every year millions of people commit to doing something different to improve themselves and their life for the coming year. The idea of a New Year’s Resolution is to change something you do (or don’t do!) to improve some aspect of your life that you’re not happy with. Cutting out chocolate, avoiding the McDonalds drive […]
Rental overheads are the biggest challenge keeping retailers awake at night, according to Inside Retail’s 2017 Australian Retail Outlook. Over the next 5 weeks, leasing expert, Kyle Swain, will explore the current issues and trends in leasing and the best ways for retailers to negotiate better terms, culminating in an online webinar on Wed 31 […]
by Kyle Swain, The Leasing Department The catastrophic damage caused by Cyclone Debbie across Queensland and northern NSW in the last week has been devastating for so many families and business owners. Unfortunately, many retail businesses never recover from these natural disasters. Those who do, often struggle under the weight of massive financial losses resulting […]
The NSW Retail Leases Amendment (Review) Bill 2016 has now passed parliament and will soon become law. The commencement date is to be gazetted by parliament at later date. The amendment brings in a number of changes for retailers in NSW: 1. Jurisdictional Limit The New South Wales Civil and Administrative Tribunal (NCAT) may now […]
The National Retail Association is proud to announce a new strategic partnership with The Leasing Department as its preferred provider of leasing and tenancy services nationally. The Leasing Department will play a key role in guiding NRA members on leasing and tenancy issues affecting their business as well as provide input on leasing and tenancy […]
by Kyle Swain, The Leasing Department 1. Act early to get the best deal Taking a proactive approach to key lease events such as lease renewals and market rent reviews allows you to take full advantage of your rights under the retail lease act relevant to your state or territory. By acting early, you can […]
Amendments to the Queensland Retail Shop Lease Act 1994 (Qld) made earlier this year in May are due to come into effect from the 25th November 2016. The Queensland legislation sets mandatory minimum standards for retail shop leases in the state. Among other things, amendments to the Act will alter the definition of when a […]