Disclosure Statement by the Lessor Queensland Word Version Form
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People also ask
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What is Section 35 Retail Leases Act NSW?
All demolition clauses in retail leases must be read in conjunction with section 35 of the Retail Leases Act, which sets out: the scope of what constitutes a “demolition” – which includes repair, renovation and reconstruction of part of a building. the preconditions to termination for proposed demolition. -
What is the assignment clause in a commercial lease?
What is the Assignment Clause and When is it Triggered? Every commercial lease contains an assignment provision that lays out the landlord's and the tenant's rights and obligations in the event that the tenant seeks to “assign” the lease. -
What is assignment of a lease?
Simply put, it is a transfer of an existing lease by the current tenant to a new tenant with the consent of the landlord. -
What is an assignors disclosure statement?
The purpose of this form is to assure the lessor that the assignee has been made aware of the information specified as necessary for the assignment process, as set out in Section 41 of the Retail Leases Act 1994 (see also Note 3 on page 2).
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