When entering into or renewing a retail lease, landlords must give their tenants a disclosure statement, which outlines essential lease information (e.g. lease term, occupancy costs, fit-out requirements etc.). Why? So the tenant can understand, at a glance, the key elements of the lease.Changes to landlord obligations are now in effect, with the Retail Leases Amendment Regulations 2022 making changes to the Retail Leases Regulations 2013. These changes have aligned the disclosure statements to the 2020 amendments to the Retail Leases Act 2003.
Learn more about landlord requirements, and access the updated disclosure statements and regulations.
Thanks to the Victorian Small Business Commissioner for this update.