by actionproperty | Jul 1, 2023 | Leases & Rentals
Changes to limit rent increase frequency to once every 12 months came into effect for all new and existing tenancies on 1 July 2023. Rent cannot be increased unless it has been at least 12 months since the current amount of rent became payable by the tenant....
by actionproperty | May 30, 2022 | Leases & Rentals, Resumption & Compensation
Check your lease and premises for flood and damage risks. Following the catastrophic flooding of a major northside Brisbane shopping icon in February, the centre owners have now terminated all retail leases saying no compensation would be payable. The ASX-listed...
by actionproperty | Aug 30, 2021 | Leases & Rentals, Valuation Matters
A Qld Supreme Court has ruled a Valuers Determination invalid for not properly interrupting the requirements of the Lease concerning the meaning of “immediate vicinity”,” suburb or town”. This case highlights the preference for Valuers to seek advice where such...
by actionproperty | Jan 12, 2021 | Leases & Rentals
An Appeal Court has confirmed that a ‘retail premises lease’ cannot cease to be a retail lease even if the initial criteria that qualified it as falling under the legislation, may change during the term of the lease. Key issues included the annual occupancy cost...
by actionproperty | Mar 22, 2020 | Leases & Rentals, Property Disputes
A lease dispute involving Melbourne’s famous Hopetoun Tea Rooms in the iconic Block Arcade is yet another reminder of perils associated with lease incentives. Whilst this was a complicated involving other matters, the VCAT Tribunal essentially followed the 2014 Qld...
by actionproperty | Jan 22, 2019 | Leases & Rentals, Property Disputes, Resumption & Compensation
A neighbourhood supermarket business at Murrumba Downs was decimated by resumption roadworks and claimed for compensation. After lower courts ruled YES-NO-YES, the High Court finally said NO. The courts considered the applicable provisions of the Land Title Act 1994...
