18/08/2023
🏢 Terminating a Commercial Lease in Queensland 🏢
Let's break it down! 📜 Here are some of the ways a commercial lease can come to an end in Queensland:
1. Expiry of Lease Term: When the lease runs its natural course, both parties bid farewell. Certain obligations must be met such as redecoration and settling outstanding costs 🔨
2. Mutual Agreement: Sometimes, both landlord and tenant are on the same page 🤝 A Deed of Surrender can formalise an early lease ending and will outline all outstanding responsibilities.
3. Tenant's Breach of Lease Terms: Rule breakers beware! Landlords can terminate the lease if tenants aren't holding up their end. 🚫 No rent payment, unauthorised premises changes, or sneaky subleases.
4. Landlord's Breach of Lease Terms: It goes both ways! landlords must keep their promises too 🏗️ If the landlord’s obligations are not met, tenants can give notice terminating the lease.
5. Demolition or Renovation: If your landlord wants to give the property a makeover or even knock it down, you may need to move out. Make sure you know your rights under the lease 🚨
Remember, each situation is dependent on the terms of the lease. If you are thinking of terminating a commercial lease, reach out to one of our commercial lawyers 📞 You can reach us on 07 3808 7777 or drop us an email at [email protected].
Read the full article:
https://www.mclaughlinlawyers.com.au/blog/terminating-a-commercial-lease-in-queensland/
