Leasing
Priala Legal can assist with all types of Commercial, Retail and Residential leasing including tenancy agreements and tenancy agreement disputes.
Commercial, Retail & Residential
- Commercial leasing for both lessor and lessee
- Retail shop leasing for both landlord and tenant
- Retirement Village leasing and ancillary documentation
- Renewals, extensions and exercise of options on leases
- Extinguishment or surrenders of leases on title
- General Tenancy Agreements
- Tenancy Agreement Disputes
Leasing Videos on Talking Law
New Tenancy Laws commence in Queensland 7 June 2024 AND new REIQ Contracts - WOW!!!
This is a special segment of Talking Law brought to you inside of 2 days of the new Qld Tenancy Laws commencing which are now in force. The news laws focus on residential and rooming accommodation agreements in Qld, where rental increases now attach to the property itself and not the tenancy, a first in Qld. Plus, as of 7 June 2024 there are now new REIQ contracts in place for residential houses and units. The new REIQ contracts now include the following new rights and obligations on buyers and sellers: a) New disclosure obligations on sellers upfront to disclosure PRIOR and EXISTING tenancy agreements and when the last rental increase occurred; b) A new warranty by the Seller of the accuracy of this information to buyers; c) A right to claim compensation by a buyer if this information is inaccurate; d) Sellers providing "evidence" to a buyer of the last rental increase prior to or at settlement; e) A right to terminate a contract by a buyer if the seller fails to provide this "evidence". Qld is currently in a state of change, and these new laws are just a pre cursor of what is to come in Qld with the new Seller Disclosure Regime we are awaiting assent to at present, and talks of changes to first home buyer stamp duty and investment duty and many more issues at stake. This segment is a must watch for all sellers, seller's agents, buyers, buyers agents, managing agents, property investors and other property players in Qld. If you want a short summary of the changes take a listen here.
Ashmore Plaza Gold Coast horror story for tenants
Recently, the Ashmore Plaza Shopping Centre was bombed, in part, and the centre itself was shut down with no access for customers. One of our clients has their business in the centre which was not of itself damaged directly, however because the centre was closed, this has affected their business. We had cause to review the lease terms and provide our advice as to what a tenant should do in these circumstances from what is contained in the lease, to lodging insurance claims to other steps to be taken. It is worth the listen!!!
Qld's New Tenancy Laws 1 July 2023 - They are Retrospective!!!
New rental tenancy laws commence 1 July 2023 in Qld and yes they are retrospective. Laws applying retrospectively are not always occurring and usually come about to create some form of equity in the market for everyone where there is an overriding community benefit. Here is the link to the changes: https://www.rta.qld.gov.au/forms-resources/rental-law-changes/rent-increase-frequency-changes In a nutshell, landlords will not be able to increase rent more than once in a 12 months period after 1 July 2023. This applies to new tenancies and existing tenancies. How will this work? Well, we give a few examples and talk them through here, the same examples listed on the above website. Suffice to say all landlords and managing agents better jump on board and understand completely how these new laws will work come 1 July. With these new laws, there was no public consultation process undertaken nor surveys undertaken with relevant parties as to how these new laws may play out practically. This is always preferred in any law reform proposed where the practicalities of new laws must be thought through, as well as the theory of the new laws applying. Was this a knee jerk reaction by Qld Government? Qld Government says no, and said there was really no other option to try and stabilise the private rental market at present, to alleviate pressures within the property industry on consumers. Well now we will never know if that was true as the laws are passed and ready to commence 1 July. Suffice to say you better get on board with the new laws come 1 July.
