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ARTICLE · 08 JULY 2013

Is your lease coming to an end?

Coleman Greig Lawyers
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It can be confusing for the Lessee and the Lessor at the end of a lease, so the best way is to understand the options.

AustraliaReal Estate and Construction
Monique McDermott (Previously With Coleman Greig)
Monique McDermott (Previously With Coleman Greig)
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Some advice on what your options are now.

It is often a stressful time for both the Lessee and the Lessor at the expiration of a lease. The Lessee may be unsure as to where and when they are going to find another property to lease. The Lessor might be relying on the current tenant financially and be concerned as to when they will be able to find someone to fill this space. It can be confusing to both the Lessee and the Lessor as to what rights each party has, and the best way to handle this situation is to be prepared.

If you are a Lessee, there is no obligation to stay on at the end of your lease. However, if you decide you do want to stay, you have a few options:

  • With the Lessor's approval you may remain in the premises on a monthly holding over basis.

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