Periodic lease agreement: A periodic lease may consist of weeks, months or years and continues until one of the parties terminates the lease. The most common type is the monthly lease. A landlord can normally increase the rent and change the conditions if they properly inform the tenant. Each state and territory of Australia has specific laws that stipulate that certain types of commercial real estate can only be leased through a “retail lease” (and not through a general commercial lease). The law also provides more restrictions for retail leases than for commercial leases. Other: Other commercial spaces may consist of most other non-residential properties. Self-storage facilities, medical clinics and hotels are examples. This commercial lease is suitable for renting most types of commercial premises such as warehouses, offices, factories and industrial properties throughout New South Wales. It may not be suitable for retail situations.
This model of commercial real estate rental agreement is suitable for renting most types of Australian business, such as.B. It is therefore important to determine whether or not the property for rent will be affected by retail tenancy legislation in the relevant state or territory. Each state and territory government has an office or division that deals with fair trade or small businesses (for example. B the Small Business Commissioner or the Consumer Affairs and Fair Trade Office). This is usually a good place to get information about retail leases in the relevant state or territory. The long version of this contract is more complete and allows precise specifications on the rental conditions. The abridged version is a more general rental agreement and does not contain clauses or conditions that are not strictly necessary. This model is ideal for an agreement between a lessor or tenant who sublets or sublets part of their offices. Improvements: Sometimes a tenant requires certain improvements to be made to the property in order to help them properly carry out their day-to-day operations.