Insights

A commercial lease review means a thorough examination of a lease agreement. The purpose of a commercial lease review is to analyse the terms, conditions, and clauses of the lease agreement to ensure they are fair, reasonable, and protect the interests of the party requesting the review, typically the tenant. Why should you use a…

The motivation behind selling a business can stem from various reasons. For instance, an offer to purchase the business could prompt consideration. Alternatively, selling might be necessary to invest in a new venture or prepare for retirement. On the other hand, the desire to relinquish ownership of the business could be the driving force behind…

Buying an existing business can offer several advantages over starting a new business from scratch, such as an established customer base, existing operations, established financials and potentially lower risks. However, it’s important to conduct thorough research and due diligence to ensure that you are making a sound investment and that the business aligns with your…

Purchasing or selling a property can be a daunting process because it is a complex procedure. It is a large financial asset with a lot of paperwork required in order for the property ownership to be legally transferred from the seller to the buyer. Engaging a professional conveyancer will help you ensure that your property…

Contracts are an essential part of doing business. We all know this; however, most business owners are not exactly racing to grab a pen and review each line of every contract they deal with. Yet it is vital that all contracts are checked thoroughly so you don’t fall prey to the “curse of the fine…

New laws seeking to provide further protection for consumers and small businesses from unfair contract terms in standard form contracts received Royal Assent in November 2022 with changes to come into effect 12 months after it received Royal Assent. A standard form contract is usually offered to consumers or businesses for similar goods or services,…

A commercial lease can be negotiated. Often, the landlord will hire a leasing agent who will represent the landlord on lease negotiations. The process often starts with the tenant completing an offer to lease or signing a Heads of Agreement to Lease. It is important to note that some commercial premises are categorised as ‘retail…

A heads of agreement for lease can be legally binding or non-binding. Typically, a heads of agreement is used to outline and negotiate the key lease terms before parties sign a binding lease agreement. So, often, a heads of agreement itself would not constitute a binding lease document. In situations where the parties did not…

Although the Western Australian economy has fared better than its Eastern-State counterparts during the COVID19 pandemic, it is still an uncertain time and we see that many of our business clients are staying vigilant and cautious. In response to the COVID19 pandemic, the Western Australian government introduced the Commercial Tenancies (COVID-19 Response) Act 2020 (Act)…

If you’re purchasing a property with someone, there are two different types of ownerships …