Seeking or accepting key-money or any consideration for the goodwill of any business carried on at the retail premises is not permitted under the Retail Leases Act 2003 (the Act).
This effects landlords, prospective landlords and anyone acting on their behalf.
Contraventions are punishable by a fine of 50 penalty units.
A retail lease is void when it includes provisions for the payment of key-money or consideration for goodwill, or any reference to such benefits.
You can speak to someone in person by calling us on 13 VSBC (13 8722) or emailing us.