Keeping up with the changing Retail Shop Lease Act
“Our proactive approach to professional development such as this demonstrates First Asset Management’s commitment to staying ahead of the game,” Angelo said. “It also sets us apart from our competitors and affirms our status as specialist asset managers.”
Recent changes to the Act were passed through Queensland Parliament so our team invited property law specialists MacDonnell’s Law to conduct a half-day workshop on the Act. MacDonnell’s Law not only brought us up-to-date with the recent changes, they reminded us of the Act’s overall requirements.
Topics covered included: When does the Retail Leases Act apply?, exclusions to the Act, entering into a lease – for lessors and lessees, extending a retail shop lease, legal fees, rent reviews, market reviews, end of lease, relocation, demolition and more.
Should you have any questions about the recent changes to the Act, please don’t hesitate to contact your Asset Manager or any other member of the First Asset Management team.