On 22 February 2017, theRetail Leases Amendment (Review) Bill
2016 – UpdateOn 22 February 2017, the Retail Leases Amendment
(Review) Bill 2016 was passed through the NSW Legislative
Council.
The legislation, upon receiving royal assent, will give effect
to the recommendations resulting from the recent statutory review
of the Act.
Key amendments include:
- the abolition of the 5-year minimum term for retail shop
leases;
- additional right to compensation to a tenant who terminates the
lease within the first 6 months for costs reasonably incurred where
the landlord did not provide the tenant a disclosure
statement;
- exclusion of ATMs, vending machines, public telephones,
children's rides, signage display, internet booths, private
post boxes and certain storage uses from the operation of the
Act;
