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Changes to Victorian landlord retail leasing obligations are now in force

Retail Lease Regulations have been updated for 2022, which includes revised disclosure statements that align with the 2020 changes to the Retail Leases Act 2003.

Landlords are required to provide tenants with a disclosure statement that outlines important lease information such as the term of the lease and occupancy costs. The regulations dictate when and how a landlord must provide the disclosure statement based on the type of retail lease (new lease, renewing a lease, etc.). Landlords must use the correct disclosure statement for their situation and if the statement is misleading or incomplete, the tenant may be able to terminate the lease.

You can learn more about this changes on the Victoria Small Business Commission website here.

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