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Insights

Insights

Property and Leasing

Are Heads of Agreement for Lease Legally Binding?

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…

Tips For Renegotiating Your Commercial Lease

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)…