The business model of medical centres in Australia has changed dramatically over the last decade. The incorporation of a range of specialist medical services, including Pathology, Diagnostic Imaging and Pharmacy under ‘one-roof’, offers a ‘one-stop shop’ for patients’ immediate medical needs. The property relationship between the medical centre operators and the pathologist and diagnostic imaging […]
Recent Articles
Changes to the NSW Retail Leases Act
The NSW Retail Leases Amendment (Review) Bill 2016 was recently passed and will now become law. The commencement date is yet to be proclaimed by Parliament. The following is a brief summary of the major points: Jurisdictional Limit – NCAT can now determine retail lease disputes involving claims for up to $750,000.00. This is a welcome […]
Help! I need somebody to review my retail lease agreement
Starting a business, opening up a store, expanding and growing are all exciting things. A lot needs to be done, a lot happens.We grow, we learn, we discover, we face fears on many levels, we take the plunge and suddenly we are signing leases, getting into contracts, inspecting the premises, looking up what being a […]
Exercising Options Correctly
The following is general advice and does not constitute legal advice. Remember that leases are complicated financial instruments and expert legal advice should always be sought. An option is the right granted under a lease whereby the Lessor grants to the Lessee the right (but not the obligation) to enter into further lease terms of […]
Understanding Outgoings
Definitions Tenant Specific Charges These are charges that are payable by the tenant based upon the tenant’s consumption. They are usually almost always metered and the name of the service must be connected in the tenant’s name. Examples include: Tenant’s electricity Tenant’s specific water usage Grease Trap removal etc. Net Lease Rent shown in lease […]
