Commercial Lease Agreement (Multi-Occupancy Premises) (VIC)
A Commercial Lease Agreement is a legal document that can be used when a commercial property within multi-occupancy premises is being leased out in Victoria.
Last updated January 13, 2025
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What is a commercial lease agreement (multi-occupancy premises) (vic)?
What is a commercial lease agreement (multi-occupancy premises) (vic)?
When should you use a commercial lease agreement (multi-occupancy premises) (vic)?
When should you use a commercial lease agreement (multi-occupancy premises) (vic)?
What should be in a commercial lease agreement (multi-occupancy premises) (vic)?
What should be in a commercial lease agreement (multi-occupancy premises) (vic)?
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Frequently asked questions
What is a commercial lease agreement (multi-occupancy premises) (vic)?
keyboard_arrow_upWhen should you use a commercial lease agreement (multi-occupancy premises) (vic)?
keyboard_arrow_upWhat should be in a commercial lease agreement (multi-occupancy premises) (vic)?
keyboard_arrow_upWhat protections does this lease provide for landlords and tenants?
keyboard_arrow_upWhat are the key financial risks for tenants?
keyboard_arrow_upDoes this lease restrict how the premises can be used?
keyboard_arrow_upWhat steps are required to finalise and execute the lease?
keyboard_arrow_upView Sample Commercial Lease Agreement (Multi-Occupancy Premises) (VIC)
The Legal Risk Score of a Commercial Lease Agreement (Multi-Occupancy Premises) (VIC) Template is Medium
Our legal team have marked this document as medium risk considering:
- The lease includes provisions for the lessee to pay not only the base rent but also additional costs such as shared expenses, rates, taxes, and maintenance costs, which could increase financial liabilities unexpectedly depending on changes in external factors like taxation or building management decisions.
- The document imposes specific operational restrictions on the use of the leased premises, which could limit the lessee’s ability to adapt the space for varying business needs or could incur additional costs if changes to the premises are desired.
- The lessee is required to maintain comprehensive insurance policies, and failure to comply with these requirements could expose them to significant financial risk in the event of damage or other liabilities. Overall, it is drafted in favour of the lessor.
Articles about Commercial Lease Agreement (Multi-Occupancy Premises) (VIC)
Should My Business Sign a Commercial Lease?
Looking for a new business space? Learn more about commercial leases here.
Is it Necessary to Register a Commercial Lease?
Do you plan to register a commercial lease? Read this article to find out whether it’s necessary to do so.
5 Questions for a Commercial Lease Lawyer
Hire the perfect lawyer to make sure your commercial lease is watertight.
Can I Sublease Under a Commercial Lease?
Looking to make use of your extra space on the premises you lease? Learn how to make extra money for your business with a sublease here.
Commercial Lease & Retail Lease: What's Different?
A lease is a contractual arrangement between a tenant and a landowner. Find out how a commercial lease vs retail lease affects your business.
What Are Ratchet Clauses and How Do They Work?
Find out everything you need to know about ratchet clauses, how they might impact your lease agreement and what your legal options are.
Make Good Clauses: An Explainer
If you're thinking about leasing a commercial premises for your business, understanding how a make good clause works is important. Read about it here.
Redecoration Clauses: An Explainer
A redecoration clause requires a tenant to carry out certain maintenance or upgrade works to the property in a specified period of time. Find out more here.
How Does Turnover Rent Work and Why Should I Use It?
Turnover rent is a different way businesses can pay for rent to their landlord. It can sometimes be referred to as percentage rent.
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