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ARTICLE · 23 MARCH 2006

Retail Leasing Update: Retail Leases Amendment Act 2005 (New South Wales)

DLA Piper Australia
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The NSW Legislative Assembly, in its usual audit process, has once again reviewed the Retail Leases Act 1994 (Act). The Retail Leases Amendment Act 2005 (Amendment Act) giving effect to the changes required as a result of the review was assented to on 17 November 2005 and came into effect on 1 January 2006.

AustraliaReal Estate and Construction

Article by Jodie Masson and Adrianna Witkowski

The NSW Legislative Assembly, in its usual audit process, has once again reviewed the Retail Leases Act 1994 (Act). The Retail Leases Amendment Act 2005 (Amendment Act) giving effect to the changes required as a result of the review was assented to on 17 November 2005 and came into effect on 1 January 2006.

The Amendment Act introduces comprehensive changes to the Act; such changes placing additional obligations on landlords in various areas of retail leasing, including:

  • Short term tenancies;

  • Security bonds;

  • Landlord consent to assignment of lease;

  • Lessor disclosure statements;

  • Outgoings statements;

  • Relocation and disturbance; and

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