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In Victoria, most retail leases are governed by the Retail Leases Act 2003 (the RLA)

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Landlords and Tenants need to be aware of the provisions of the RLA and how it impacts upon their rights and obligations under the Lease

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Many Landlords are not aware for instance, that the RLA imposes obligations upon them even before they start negotiating a Lease

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The RLA is effectively, consumer legislation designed to balance what was once considered, an imbalance of rights between Landlords and Tenants

 

The RLA regulates many features of Retail Leasing such as

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• Landlord and Tenant Pre Lease Disclosure 

• Rent Review  

• Maintenance and Repairs 

• Exercise of Options

• Minimum lease terms

• Transfer of Lease

• Notice requirements

• Dispute Resolution 

 

Failure to comply with the RLA can spell disaster for Landlords 

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For example, Landlords may be precluded from recovering rent and outgoings from Tenants and Leases may be extended indefinitely until the Landlord provides the necessary notices to the Tenants advising their Tenants of their rights

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Need advice and assistance with complying with the RLA or want to know your rights and obligations, contact us for a free 20 Minute Consultation

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