In South Australia, a commercial lease is a legally binding agreement between a landlord and a tenant for the rental of commercial property. It outlines the terms and conditions of the lease, including rights and obligations of both parties.
A disclosure statement, on the other hand, is a document that the landlord is required to provide to the tenant in relation to a commercial lease. It contains important information about the leased premises and other relevant details that help the tenant make an informed decision about entering into the lease.
Here are some key points to understand about commercial leases and disclosure statements in South Australia:
We have experience advising both landlords and tenants in commercial leasing to ensure compliance with the relevant laws and to understand their rights and obligations before entering into a commercial lease in South Australia.