Commercial Lease Agreement (General) (VIC)
A Commercial Lease Agreement is a legal document that can be used when a commercial property is being leased out in Victoria.
Last updated October 24, 2025
Suitable for Australia
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Frequently asked questions
How to complete and execute a Commercial Lease Agreement (General) (VIC)
The majority of leases of commercial premises in Victoria are unregistered and in the form of a deed compared to other states where they are usually made by a registered instrument under the relevant Torrens Title Act. Leases may be registered under the Transfer of Land Act 1958 (Vic) if they have more than 10 years left to run.
The registrable instruments provide spaces for the drafter to insert the essential particulars of the lease, eg the names of the lessor and lessee, and the identity of the leased premises. In appropriate cases the precedent below may be used as a schedule or attachment to the relevant forms under the Transfer of Land (General) Regulations 2004 (Vic) () and if this is required, we encourage you to access and review the current regulations at the time of drafting.
Use this Commercial Lease Agreement (General) (VIC) If:
- You want to lease a commercial property, such as a warehouse, factory, store or yard which is not a retail space such as a store.
- You want to ensure that your commercial property is used in a manner that was intended or agreed upon
- You want the other party to be aware of the conditions of the property’s use and the consequences of non-compliance with those conditions.
What does this Commercial Lease Agreement (General) (VIC) cover?
- Landlord and tenant identities
- Property being leased
- Tenant conditions
- Length of the lease
- Option to renew the lease or sublease
- Rent amount and frequency of payments
- Termination conditions
- Rights after a breach
View Sample Commercial Lease Agreement (General) (VIC)
The Legal Risk Score of a Commercial Lease Agreement (General) (VIC) Template is Medium
Our legal team have marked this document as medium risk considering:
- The document places significant financial responsibilities on the lessee, including payments for rent, shared expenses, and various outgoings, which could increase over time due to adjustments based on factors like the Consumer Price Index or other lessor-determined estimates.
- The lessee is required to maintain and repair the leased premises, which includes responsibilities for damages and regular upkeep, potentially leading to unexpected costs if the premises require more maintenance than anticipated.
- The lessee faces restrictions on transferring or subletting the lease without the lessor’s consent, which could limit flexibility in business operations or exit strategies.
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