US Law Videos .com  


US Law Videos .com
Helping you understand American law through
video, books, links, forms, and more ...

Home Search Legal Forms Law Books
(195 videos)

Australia Retail Premises Lease with Turnover Rent Provision

If you own or manage commercial rental properties in Australia, lease out your space to tenants with this Retail Premises Lease Agreement with a provision for the tenant to pay turnover rent in addition to base rent. Turnover rent is additional rent which is calculated as a percentage of the sale of goods or services from the premises, less the amount of refunds and credits.

Other provisions of the Lease Agreement include:
  • A procedure for Consumer Price Index reviews and market rent reviews.
  • The tenant has the option to renew the lease, but if the tenant does not renew and continues to occupy the space after the expiry of the tenancy, the lease becomes month to month.
  • The tenant must pay service charges for the premises and a proportionate share of outgoings for the building, as well as any GST payable on the lease or the outgoings.
  • The security deposit may be paid by cheque or unconditional bank guarantee.
  • The tenant is responsible for maintaining risk, public liability, workers compensation and plate glass insurance.
  • The landlord must insure the building for full replacement value.
  • The landlord has the right to relocate tenant in the building for purposes of extensive refurbishment or redevelopment.
  • Includes a set of Building Rules and Regulations.
This Australia Retail Premises Lease with Turnover Rent Provision is available as a MS Word template form, and is completely customisable to meet your needs. This template does not reference specific state or territorial legislation.

Download: Australia Retail Premises Lease with Turnover Rent Provision

Related Forms:

Related Categories:

NOTICE: The information and links contained on this web page are intended only to be merely informative and are NOT intended to provide legal advice to any person/entity. Never rely solely on the information contained on this web site or on any third-party web site. Information and/or links may not apply or be appropriate to your situation and/or may be out of date. Any person with a specific legal question or legal problem should always consult with and seek the advice of a qualified lawyer. E.&O.E. Legal disclaimer


Canadian Law Resources: (14-Apr-2018) E.&O.E.

More videos ...