RETAIL SHOP LEASES LEGISLATION PREVAILS

RETAIL SHOP LEASES LEGISLATION PREVAILS

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...
RETAIL LEASE PERSONAL GUARANTEE DISASTER

RETAIL LEASE PERSONAL GUARANTEE DISASTER

The potential catastrophic consequences of Lessees providing personal Directors guarantees has again been highlighted in an instance where the owners of a failed fresh fruit and vegetables retail shop were ordered to pay $3.5m. The shopping centre Lessor agreed to...