Changes to the Retail and Commercial Leases Act 1995
Landlords and tenants in the retail and commercial leasing industry need to be aware of important changes to the Retail and Commercial Leases Act 1995 (the Act) and accompanying Regulations.
These changes came into force on 1 July 2020. A summary of these changes can be found here.
A copy of the amending Bill as passed by both houses can be found here.
From 1 July 2020, at the time when a copy of a proposed lease is provided to a prospective tenant, the landlord or person acting on behalf of the landlord must also provide the prospective lessee with a copy of the Small Business Commissioner’s information brochure, which is referred to as the Retail & Commercial Leasing Guide. Failure to comply with this requirement may result in a penalty of up to $8,000.
A copy of the information brochure which is effective from 1 July 2020, can be found here.
For further information please contact the Office of the Small Business Commissioner via our Contact Form.