Get Retail Shop Leases - Financial Advice Report - Justice Qld Gov

The Retail Shop Leases Act 1994 (the RSL Act) sets out laws which apply to retail shop leases in Queensland. It is important that as a retail landlord or tenant you are aware of your rights and obligations under the (the RSL Act) before entering into a retail shop lease.

A retail lease is a leasing of a premises were the outcome will be the trading of goods. Retail leases are more common than Commercial Leases and are more regulated also. When entering into a Retail Lease agreement the Lessor will pay the Lease preparation fees, while the Lessee will pay their own solicitors fees.

In Queensland, a lease qualifies as a retail shop lease if: The tenant business is located in a Retail Shopping Centre; or. The tenant business is used wholly or predominantly for the carrying on as a Retail Business.

The purpose of this form. The purpose of this form is to assure the lessor that the assignee has been made aware of the information specified as necessary for the assignment process, as set out in Section 41 of the Retail Leases Act 1994 (see also Note 3 on page 2).

Retail leases If you are leasing premises to use for retail purposes or if the premises are in a retail shopping centre (where five or more retail shops are located), it is likely that the retail shop leases legislation will apply to the lease.

The Act applies to "retail premises" which are premises where: the permitted use under the lease is for "retail business" (being business involving the sale or hire of goods or the supply of services by retail); or.

You can find a long list of retail shops at the back of Regs within Schedule 1, which includes retailing businesses like cafes, clothing shops, electronic shops and restaurants. If your business is listed within the Regs, then you fall automatically under the Act as a retail business.