For owners and investors commercial leases often comprise 100% of the income derived from their investment.
For tenants, commercial leases are an important part of most businesses, being the location for their patrons,
customers or clients, their staff and their production or business activity. Moreover, leases typically comprise
a large part of the overhead for most businesses. Commercial leases are commonly negotiated for long periods
of time, for example five plus five years.
In Tasmania, the parties freedom of contract is more extensive for commercial (non-retail) leases than for
retail leases which are subject to the Fair Trading (Code of Practice for Retail Tenancies) Regulations however,
the absence of legislative stipulations, can increase the need for matters to be fully addressed in the Lease terms.
Leasepro’s expertise and breadth of knowledge together with our local attention and care help to provide you with
up to date commercially savvy advice and the right document for your purposes.
Contact us to find out how we can help.