A retail shop lease is governed by the Retail Shop Leases Act 1994. This Act imposes additional rights, obligations and protections on the parties to a retail shop lease. It also imposes greater disclosure obligations on the landlord in particular. It imposes financial penalties on the landlord where certain prohibitions are breached.
A landlord with a retail shop lease should never prepare a lease without legal advice. Getting it wrong can result in financial penalties or worse, give the tenant the right to terminate the lease.
A tenant should never sign a lease without advice. These leases are complex, impose substantial obligations and give rise to serious consequences if the lease is breached.
We also see parties signing heads of agreement or offers to lease without first getting their lawyer to check it. We prefer to be involved at this stage as this is the time to assist you with negotiating more favourable terms. Once a party agrees to something in the heads of agreement it is difficult to then retract from that position without causing some long term hard to the relationship and the landlord/tenant relationship is one that you want to start in a positive way.
We can also help parties with a retail shop lease disputes. Unfortunately, disputes can arise. You need an experienced and strong lawyer though in these situations as disputes are never pleasant. They can be costly if not managed effectively from the outset.
Call us today for an initial consultation with an experienced Retail Shop Lease Lawyer. Make no mistake, we value you as a client and we want to provide you with a dedicated, trusted and effective legal service.