In brief - Lessors and lessees should consider impact of coming
legislation
The Queensland parliament has recently passed the
Retail Shop Leases Amendment Bill 2015. To prepare for these
changes, lessors should review management processes and amend
standard lease terms to comply with the new requirements,
particularly with respect to disclosure, outgoings, costs and
lessee refurbishment clauses. Lessees should consider the changes
to their rights and new rules around disclosure on assignment and
the ability to waive the prescribed periods.
Retail Shop Leases Amendment Bill passes with minor
amendments
The Retail Shop Leases Amendment Bill 2015 was introduced to the
Queensland Parliament on 13 October 2015 and passed with minor
amendments on 10 May 2016. The Bill gives effect to the outcomes
from the statutory review of the
Retail Shop Leases Act 1994, the objectives of which
were to:
