Registered Commercial Leases

Hi,

Sometimes the tenant may ‘do up’ the premises specifically for their business operations. This renovation can sometimes be quite expensive, and there is an agreement put in place between Lessor and Lessee that the Lessee can have reduced or no rent period in lieu of having rejuvenated the Lessor’s premises at their expense.

It’s simply a way of protecting the Lessee’s investment in the Lessors property.

You’ll also find that many Govt Dept’s, especially Fed Govt agencies will insist on being recognised on the title as part of the standard Commonwealth’s Solicitor General’s leases. These by the way are pretty harsh compared with normal Comm & Indust. leases.

This is one of the downsides to having Govt as your tenant.

Hope that helps…

Cheers,

Dazzling

“Go hard or go home”