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Contacted your insurance broker/company to discuss and clarify your insurance obligations under the lease.Received independent legal advice about the terms of the lease.

Received independent financial advice about your financial obligations under the lease.This can include an assessment of the utilities provided and how they are metered.

It is advisable for the lessee and lessor to complete and sign a ‘condition report’ recording the condition of the premises, any fixtures, fittings and plant and equipment.

Incorporated any representations made about the premises or how the lease will operate into the lease.

To view frequently asked questions, please click here. While the Act sets out your key rights and obligations, most of the day-to-day matters that arise under your tenancy will be contained in your actual lease.ĭownload a copy of the Retail and Commercial Leasing Guide here. The information is provided as a guide to your rights and obligations under the Retail and Commercial Leases Act 1995 (the Act), which governs most leases over retail shops and commercial leases where rent does not exceed $400,000 per annum in South Australia.

This guide incorporates the amendments passed by the South Australian Parliament in December 2019. It is a legal requirement that lessees are provided with a copy of the 'Retail and Commercial Leasing Guide' when they are provided with a copy of a proposed lease.

It is critical that you seek appropriate professional legal and financial advice as part of your consideration of entering into any lease or agreement to lease. As with all financial commitments, it is essential to undertake a diligent approach to such a major legal commitment. For a business owner it can be an exciting time as they start or continue to develop their business venture. Many businesses lease premises every year.