March 14, 2006
New Rules for Retail Leases in Queensland
Retail leases in Queensland will likely be subject to a new set of terms and rules next month, when the new Retail Shop Leases Amendment Act 2006 is expected to come into effect. The Act has new disclosure requirements for both lessors and lessees, and a variety of non-waivable terms regulating rent, options, and other aspects of the deal. A client letter from Sydney's Phillips Fox outlines the changes.
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