RETAIL LEASE TEMPLATE
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At a Glance
The following precedents all relate to Retail Leases, and comply with the Retail Leases Act . The Retail Leases Amendment (Review) Bill 2017 commenced on 1 July 2017, changing many aspects of the way Retail Leases operate. Our precedent is fully up to date with the legislative changes, and includes drafting notes which explains the major impact of the 2017 changes.
Retail Lease
This precedent sets out the framework for leasing retail premises in New South Wales, in accordance with the Retail Leases Act 1994 (NSW). It defines the obligations of the landlord (lessor) and the tenant (lessee), offers commercial flexibility and ensures legislative compliance.
What This Lease Covers
• Term, rent, renewal options and termination clauses
• Repairs, maintenance and make-good obligations
• Rent review provisions — market review or CPI adjustment
• Outgoings and payment responsibilities
• Insurance, indemnity and limitation of liability
• Assignment, sub-letting and transfer conditions
• Defaults, notices and dispute resolution procedures
• Compliance with the Retail Leases Act 1994 (NSW)
✅ Free Checklist: Acting for the Lessee • ✅ Free Checklist: Acting for the Lessor • 📘 Free Legal Drafting Booklet
Why Use This Template?
• Legally compliant with NSW retail leasing legislation
• Clearly allocates landlord and tenant obligations
• Includes rent review and renewal option clauses
• Suitable for small businesses, retail outlets and commercial property owners
• Fully editable and easy to customise for each leasing arrangement
Suitable For
This template is ideal for retail landlords, tenants, property lawyers and managing agents needing a compliant and well-structured retail lease for premises in New South Wales.
INCLUDES
Template Including
1 Introduction
2 Conditions
3 Definitions & Interpretation
4 Rent
5 Rent review
6 Outgoings
7 Option
8 Security Deposit/Bond
9 Costs
10 Lessor’s Obligations
12 Mutual Agreements & Convenants
13 GST
14 Statutes
15 Notices
16 Mitigation
17 Dispute Resolution
18 Payment after notice
19 Defult
20 Termination
21 Sub-leasing
22 Assignment
23 Guarantor
24 Damage & abatement of rent
25 Demolition
26 Relocation
27 Strata title conversation
28 Essential Terms
AND MUCH MORE…….
Retail Lease Agreement NSW is Current and Updated in accordance with the NSW Retail Leases Amendment (Review) Bill 2016 which came into effect on 1 July 2017
In New South Wales (NSW), a retail lease agreement is a legally binding contract between a landlord and a tenant for renting commercial premises specifically for retail purposes. This agreement outlines the terms and conditions under which the tenant will operate their business from the leased premises.
The Retail Leases Act 1994 (NSW) governs retail leases and aims to protect both landlords and tenants by ensuring transparency and fairness in leasing practices. It requires landlords to provide a disclosure statement and ensure that certain lease terms and conditions are fair and reasonable. For tenants, understanding this legislation and seeking professional advice can help in negotiating terms and ensuring that their rights are protected.
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