Failing to seek proper qualified and attentive advice in relation to commercial decisions may be disastrous in the long run either to your business or company or it's or your own personal affairs. The lease is the "bedrock" of an owner's investment income and asset security and the value, security, longevity and long term success and welfare of the business owner's undertaking and financial profitability and welfare of it's workers. Franchises are complicated creatures which may prove very profitable but they involve a number of complicated aspects not least of which is the franchise agreement.

Smith Reid are experienced in dealing with leasing issues from the point of view of Lessors and Tenants including establishment of the relationship, exercise of options and resolution of disputes. We have advised numerous clients on complicated franchise arrangements so that they understand exactly the obligations they are incurring and the benefits that they might reasonably expect.

Retail Leases are leases which involve premises leased for the purposes of carrying on certain types of business or which form part of retail shopping Centres.

Retail Leases are governed by the terms of the Retail Leases Act, which provides particular rules in relation to them, for example in relation to the costs of preparation, the terms which are permissible, the holding of monetary security for performance, and the resolution of disputes. The Retail Leases Act 1996 (NSW) (where applicable) modifies some of the law applicable to leasing. Many other areas of leasing law not modified remain applicable.

If you are an owner of premises and want the security of having your leasing investment secured by qualified professionals seek our services.

Smith Reid are experienced in relation to Commercial Leases in addition to Retail Leases and are happy to assist both Lessees and Lessors.