Amendment to Retail and Commercial Leases Regulations 2010
Amendment to the Retail and Commercial Leases Regulations 2010 to assist community and not-for-profit groups leasing from councils
A recent amendment to the Retail and Commercial Leases Regulations 2010 will have a positive impact on the retail and commercial leasing industry in South Australia as it will relieve both councils and prospective lessees, who are predominately community-based groups, of significant regulatory burden and costs.
New Regulation 4(1) will exclude certain classes of local government leases and licences from the application of the Retail and Commercial Leases Act 1995.
The amendment will allow councils to offer their facilities, including leases and licenses of real property, for use by community and not-for-profit groups on a non-commercial basis without the need for compliance with the onerous obligations imposed under the Act.
A copy of the Regulations can be found here.