Amendments to the Retail Leases Act 1994 (NSW), will commence on 1 July 2017. Our leasing team run through the pertinent changes including:

• removal of the minimum 5 year term

• amendments to the definition of retail shop

• expansion of the NSW Civil and Administrative Tribunal’s jurisdiction

• amendments to the provisions regarding outgoings and disclosure statements

• introduction of a timeframe for the return of bank guarantees and

• amendments to the provisions regarding rent based on turnover sales.

Be sure you understand the changes and are ready for the 1 July 2017 start date. For assistance with leases call Meyer Vandenberg on (02) 6279 4444 or email [email protected]