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. Leasing expert, Kyle Swain, explores the current issues and trends in leasing and the best ways for retailers to negotiate better terms. By Kyle Swain, The Leasing Department Over the past three weeks, we have examined the […]
Rental overheads are the biggest challenge keeping retailers awake at night, according to Inside Retail’s 2017 Australian Retail Outlook. Leasing expert, Kyle Swain, explores the current issues and trends in leasing and the best ways for retailers to negotiate better terms. By Kyle Swain, The Leasing Department Over the past two weeks, we have examined the […]
Rental overheads are the biggest challenge keeping retailers awake at night, according to Inside Retail’s 2017 Australian Retail Outlook. Leasing expert, Kyle Swain, explores the current issues and trends in leasing and the best ways for retailers to negotiate better terms. By Kyle Swain, The Leasing Department Last week, we examined the issues and trends making […]
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 […]
A new large format retail centre, Lifestyle Connection Woodpark, will soon commence construction at Smithfield, in Sydney’s South West. The site will offer a range of store sizes from 70sqm to over 6,000sqm of large format space. Located on the Corner of Woodpark Road & The Cumberland Highway Smithfield, the centre will comprise some 45,000sqm in Retail […]
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 […]
The Retail and Commercial Leasing Guide was recently released by the South Australian Office of the Small Business Commissioner. The Guide has been prepared to assist current and prospective tenant deal with some main elements of the Retail and Commercial Leases Act, namely: Lease terms Rent Lease assignment Condition of the premises Relocation Demolition The […]
As a business owner or manager, you deal on a daily basis with a wide range of expenses – some large and some small, but each one impacting on your bottom line. And, no doubt you often stop to reflect on the worth of each overhead to your ultimate performance. Membership of an industry association […]
The Queensland Government has re-introduced the Retail Shop Leases Amendment Bill again into parliament after the original Bill lapsed when the last election was called. The Bill followed extensive consultation as a part of the statutory review that started in 2013. The NRA was a member of the Reference Group that considered all the proposals […]
The Office of Small Business Commissioner in New South Wales is proceeding with the review of the Act which lapsed due to the elections earlier this year. The review commenced in 2013 with a series of meetings help with various stakeholders. The discussion paper identified eight key areas of concern. Those areas were:- Information asymmetry […]