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ARTICLE · 18 OCTOBER 2017

It is Spring – Time to give your leasing documentation a review!

Before you get distracted by Christmas trading, you should spring-clean your business, including any lease documentation.

AustraliaFinance and Banking

We all tend to look at Spring time as an opportunity to have a big cleanup of our homes and gardens. We go through our cupboards, get rid of unwanted goods, trim our hedges, and look at what needs repairing and renewing.

As your lawyer, I suggest that you should see this Spring season as an opportunity to review your legal documentation, if you haven't done so already - before you get busy in the lead up to Christmas.

So what are some of the items that you need to pay attention to? As part of your business, you will occupy your premises via a Lease, Sub-Lease or Licence Agreement (Lease), so let's focus on your occupancy documentation.

Is my Lease expiring in the New Year?

You should be looking at your Lease to see when its term expires. Do you have an option to renew? Is the date for exercise of option imminent?

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