Retail Leases Regulations 2013
There is a set of regulations that complement the Retail Leases Act 2003 (the Act). If you are entering into a lease, you need to be aware of these regulations.
The main objectives of the Retail Leases Regulations 2013 are to:
- provide the forms of disclosure statements and their uses
- set out a maximum occupancy cost (rent, outgoings, other costs detailed in a lease) to exclude certain retail premises from coverage under the Act
- set out a formula for charging outgoings payable by the tenant based on the size of the premises compared to other premises in the same structure.
For help in getting started, you can speak with a member of our team by calling 13 VSBC (13 8722) or emailing us.