Retail Leases TEST FINAL
Leases in NSW which are subject to the Retail Leases Act are more regulated
and are subject to a number of strict and technical requirements the object of
which is primarily the protection of retail tenants operating small and medium
scale businesses. Many ordinary lease features including rent review, outgoings
and the period of the lease, among others, are subject to mandatory legal
requirements. Failure to fully comply with such legal requirements can have
very large financial consequences and can in some cases constitutes an offence
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