Victoria Mutual Cancellation of Commercial Lease

Provide a prospective commercial tenant with the details of a proposed business lease with this Victoria Disclosure Statement for Retail Lease.

• Under the Retail Leases Act, 2003, a landlord must give every new tenant a disclosure statement at least seven days before entering into a retail lease.
• The Disclosure Statement includes information about the landlord, the tenant, the premises, how the premises are to be used, and rent and outgoings.
• This is a fully editable form which you can use for each of your tenants and properties.

Be sure that you're complying with the law - download your copy of the Victoria Disclosure Statement for Retail Lease and provide it to each new tenant as required by the Act.

Let commercial retail space in Victoria to business tenants with this Victoria Retail Premises Lease.

• Procedure for market rent reviews.
• The tenant has an option to renew the lease if not in default.
• The security deposit may be made by cheque or by way of unconditional bank guarantee.
• The tenant must pay service charges for the premises and outgoings for the premises, GST payable on the lease or outgoings, stamp duty on the lease, and any other costs payable by the tenant under the lease. The tenant must also pay reasonable legal costs for enforcing the lease.
• The lease contains a guarantee clause, in the event there is a guarantor guaranteeing the tenant's performance.
• The tenant is responsible for maintaining risk, public liability, workers compensation and plate glass insurance.
• The landlord must insure the building for full replacement value.
• The template also includes a set of Building Rules and Regulations.

Victoria business tenants, sublet your premises to a subtenant with this Sublease for Commercial Premises.

• The landlord must consent to the subletting.
• The head lease between the landlord and the tenant applies to the sub-lease, except as set out in the sub-lease.
• The subtenant must comply with the obligations of the original tenant under the head lease.
• Rent is to be paid to the original tenant, who will pay it to the landlord.
• The subtenant is responsible for paying all outgoings separately assessed on the premises, and for all charges for services supplied to the premises.
• The subtenant releases and indemnifies the original tenant against any loss, damage or claim arising from the subtenant's use of the premises, or from the subtenant's breach of the sub-lease or the head lease.
• If the head lease is terminated, the sub-lease will automatically terminate as well.