New and updated leasing precedents have been added to the By Lawyers Leases QLD publication.
Queensland practitioners will find these leasing precedents helpful with a range of common transactions in retail and commercial leases.
The new and updated precedents include:
- Assignment deed.
- Guarantee document.
- Variation deed.
- Deed of surrender.
- Deed of variation of lease – deferral of rental payments. This deals with rental relief prompted by the economic impacts of COVID-19 in accordance with the National Cabinet Mandatory Code of Conduct.
The new and updated leasing precedents include clauses addressing common leasing scenarios such as:
- First right of refusal.
- Demolition and relocation.
- Covenants protecting mortgagee’s interests.
- Liquor licencing requirements such as transfer of licence, and consent to licence.
- Execution clauses for individuals and corporations tailored for use in deeds, agreements, and contracts.
Also included are precedent letters for standard lease transactions such as:
- Covering letters to lessee’s solicitor submitting a lease, deed of surrender, deed of assignment, or deed of variation. These precedent letters include execution instructions and a checklist of items to be returned to a lessor before a tenant is allowed to take possession of the premises.
- Letter to a lessor client enclosing a lease with instructions on how to sign.
- Letter to titles office enclosing a lease for registration.
The full commentary in the Leases QLD publication covers key practical issues and considerations for landlords and tenants. These include renewals, subleases, interruptions, and outgoings. The specific legislative requirements under the Retail Shop Leases Act are also addressed extensively.