Commercial Property Leases Perth Legal Property

Commercial Property
Leases

Perth Legal Property & Settlements Assists You In All Areas Of Commercial Property Sales

From simple commercial property leases all the way to retail tenancy leases, Perth Legal Property & Settlements can assist you with the process of drafting these leases and understanding the legislation that surrounds these leases. Keeping you in the know about all your leases, we work with both tenant and owners.

How Can We Help?

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Lease Terms & Negotiation

When leasing a commercial space there are many things that are included within the contract and vary from contract to contract. All these little things that can be included have a large impact on your finances and business. We work on issues within commercial leases as well as negotiating terms on the leases. From renewal clauses to ratchet clauses, we can help maximise your options when negotiating a lease.

Lease Disputes & Resolution

There are also issues that can arise when commercial leases are not met with the correct action, from either tenant or owner. These cases can arise into a large dispute, with extensive costs for both parties. For a fast and effective resolution process, we use our experience and in-depth knowledge working to an innovative bespoke plan to achieve the best result in your case.

Frequently Asked Questions

What is a commercial lease?

A commercial lease is a legally binding agreement between a property owner (landlord) and a business (tenant) that sets out the terms, conditions, and obligations for leasing premises used for commercial purposes. These leases can vary significantly depending on the type of property and use.

What types of commercial leases are there?

Commercial leases can include general business premises, offices, industrial spaces, and retail shop leases. Retail leases in Western Australia are often governed by specific legislation (Commercial Tenancy (Retail Shops) Agreements Act) that requires additional disclosures and protections.

How long do commercial leases usually run for?

Lease terms can vary widely but typically run from 3 to 5 years with options to renew. Some leases may be longer, especially if negotiated with multiple renewal options.

What key terms should I understand before signing a lease?

Important elements include the lease term and options to renew, rent amount and review process, permitted use of the premises, security deposits or bonds, responsibilities for repairs, outgoings (operating expenses), and make-good obligations at lease end.

Who pays for legal costs associated with preparing a lease?

It can depend on the type of lease and negotiation. For many retail leases in WA, landlords are prohibited from passing on certain legal fees to tenants under the Commercial Tenancy (Retail Shops) Agreements Act, but in other commercial leases the parties may negotiate who pays legal costs.

Can the rent change during the lease term?

Yes. Most commercial leases include a rent review clause that sets out how and when rent may be increased, such as through Consumer Price Index (CPI) adjustments, fixed percentage increases, or market rent reviews.

How We Can Help

Perth Legal Property & Settlements act for both tenants and owners in all kinds of commercial leases, ranging from simple commercial property leases to retail tenancy leases. Depending on the kind of property, which is being leased, there may be various pieces of legislation which impact or restrict what can or cannot be included in your lease or impose additional obligations on the property owner.