VIC Property Virtual Discussion Group – retail leases amendments act 2019
0 mins reading time
Recent important changes in property law have gone largely unnoticed, following the recent focus on rent relief and managing COVID.
This virtual discussion group reviews legislative changes and discusses the impact on our landlord and tenant clients.
On 15 September 2020, the Retail Leases Amendment Bill 2019 (Vic) (“Bill”) was passed by the Victorian Parliament which amended the Retail Leases Act 2003 (Vic) and the Building Act 1993 (Vic). As a result, the the Retail Leases Amendment Act 2020 (Vic) (“Act”) came into force on 1 October 2020.
These changes have implications for:
- essential safety measures;
- disclosure statements;
- early rent review;
- cooling off periods; and
- security deposits.
The information contained in this article is general in nature and cannot be relied on as legal advice nor does it create an engagement. Please contact one of our lawyers listed above for advice about your specific situation.
more
insights
stay up to date with our news & insights
VIC Property Virtual Discussion Group – retail leases amendments act 2019
Recent important changes in property law have gone largely unnoticed, following the recent focus on rent relief and managing COVID.
This virtual discussion group reviews legislative changes and discusses the impact on our landlord and tenant clients.
On 15 September 2020, the Retail Leases Amendment Bill 2019 (Vic) (“Bill”) was passed by the Victorian Parliament which amended the Retail Leases Act 2003 (Vic) and the Building Act 1993 (Vic). As a result, the the Retail Leases Amendment Act 2020 (Vic) (“Act”) came into force on 1 October 2020.
These changes have implications for:
- essential safety measures;
- disclosure statements;
- early rent review;
- cooling off periods; and
- security deposits.