Commercial leases in Queensland can be categorized into retail leasing and retail leasing. Retail leasing is essentially a leasing by which goods and services are sold to the end consumer, for example. B a hairdresser or a grocery store. Leasing contracts (a) in the retail trade include warehouses, merchants and manufacturers that are engaged in commercial activity but are not in the retail trade because they do not sell directly to the end consumer. Similarly, parking or storage space is not considered retail rents and offices are not generally provided. Landlords – are required to submit a statement of disclosure of the lease to the tenant. This document must contain summary information on the proposed lease. The lessor must communicate this statement to the tenant at least seven days before the conclusion of the commercial lease. If the landlord does not, the tenant can terminate the tenancy agreement. Outflows – expenses in a commercial lease are the operating costs associated with the premises. General commercial leases are governed by the common law. These are essentially contracts between two parties, who are free to enter into an agreement they want. However, some important statutes govern these contracts, such as the Commonwealth Australian Competition and Consumer Law Act 2012, which regulates deceptive and deceptive behaviour and other prohibited business practices, and Part 8 of the Queensland Property Law Act 1974.
If you rent space for retail purposes or if the premises are located in a retail mall (which houses five or more retail stores), it is likely that the leasing legislation applies to the lease. The Retail Leases Act sets mandatory minimum standards for retail leases in Queensland and provides tenants with greater protection than standard commercial leases. The legislation covers issues such as advertising obligations, turnover rent, scope for expansion, payment and recovery requirements, rent investigation mechanisms, negotiation deadlines, relocation and break-up procedures, dispute resolution and personal compensation rights.