Retail Leases Regulations 2013
Authorised by the Chief Parliamentary Counsel
Authorised Version
i
Retail Leases Regulations 2013
S.R. No. 41/2013
TABLE OF PROVISIONS
Regulation Page
1 Objectives 1
2 Authorising provision 1
3 Commencement 2
4 Revocation 2
5 Definitions 2
6 Excluded retail premises 2
7 Occupancy costs 3
8 Disclosure statements 3
9 Determination and apportionment of outgoings 3
10 Maximum outgoing 4
11 Prescribed outgoings 4
12 Statement of outgoings 4
__________________
SCHEDULES 5
SCHEDULE 1—Landlord's Disclosure Statement—Retail Premises not
Located in Retail Shopping Centres 5
SCHEDULE 2—Landlord's Disclosure Statement—Retail Premises
Located in Retail Shopping Centres 18
SCHEDULE 3—Landlord's Disclosure Statement on Renewal of Lease 36
SCHEDULE 4—Disclosure Statement—Assigned Lease Where
Ongoing Business 40
═══════════════
ENDNOTES 45
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STATUTORY RULES 2013
S.R. No. 41/2013
Retail Leases Act 2003
Retail Leases Regulations 2013
The Lieutenant-Governor as the Governor's deputy with the
advice of the Executive Council makes the following
Regulations:
Dated: 16 April 2013
Responsible Minister:
LOUISE ASHER
Minister for Innovation, Services and Small Business
YVETTE CARISBROOKE
Clerk of the Executive Council
1 Objectives
The main objectives of these Regulations are—
(a) to make provision with respect to the amount
of occupancy costs for the purpose of
excluding certain retail premises; and
(b) to make provision with respect to the amount
of outgoings payable by a tenant; and
(c) to prescribe forms of disclosure statement;
and
(d) to prescribe other matters required by the
Retail Leases Act 2003 to be prescribed.
2 Authorising provision
These Regulations are made under section 99 of
the Retail Leases Act 2003.
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3 Commencement
These Regulations come into operation on
22 April 2013.
4 Revocation
The following regulations are revoked—
(a) the Retail Leases Regulations 20031 ;
(b) the Retail Leases Amendment Regulations
20102 .
5 Definitions
In these Regulations—
fire services property levy has the same meaning
as levy has in section 3 of the Fire Services
Property Levy Act 2012;
relevant fraction means the fraction calculated
using this formula—
B
A
where—
A is the lettable area of the retail
premises; and
B is the total of lettable areas of all the
premises which receive the benefit of
the outgoing;
the Act means the Retail Leases Act 2003.
6 Excluded retail premises
For the purposes of section 4(2)(a) of the Act, the
prescribed amount is $1 000 000 per annum
exclusive of GST.
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7 Occupancy costs
For the purposes of section 4(3)(c) of the Act,
advertising and promotional services, including
marketing fund contributions, is prescribed as an
other kind of cost.
8 Disclosure statements
(1) For the purposes of sections 17(1)(a) and 61(5) of
the Act, the form of landlord's disclosure
statement is in—
(a) if the retail premises are not located in a
retail shopping centre, Schedule 1;
(b) if the retail premises are located in a retail
shopping centre, Schedule 2.
(2) For the purposes of section 26(1) of the Act, the
form of landlord's disclosure statement on renewal
of lease is in Schedule 3.
(3) For the purposes of section 61(5A) of the Act, the
form of tenant's disclosure statement is in
Schedule 4.
(4) Despite subregulations (1), (2) and (3), for the
purposes of sections 17(1)(a), 26(1), 61(5) and
61(5A) of the Act, a person may use the form of
disclosure statement set out in the Schedule to the
Retail Leases Regulations 2003 (as in force
immediately before 22 April 2013) until 22 July
2013.
9 Determination and apportionment of outgoings
For the purposes of section 39(2) of the Act, the
amount of an outgoing may be determined and
apportioned to a tenant by multiplying the total
amount of the outgoing by the relevant fraction.
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10 Maximum outgoing
For the purposes of section 40(2) of the Act, a
tenant is not liable to contribute towards an
outgoing of the landlord in excess of an amount
calculated by multiplying the total amount of the
outgoing by the relevant fraction.
11 Prescribed outgoings
For the purposes of section 47(6)(a)(v) of the Act,
the following are prescribed as other kinds of
outgoings—
(a) fire services property levy; and
(b) owners corporation fees.
12 Statement of outgoings
For the purposes of section 47(5)(b)(i) of the Act,
the prescribed percentage is 10 percent.
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SCHEDULES
SCHEDULE 1
LANDLORD'S DISCLOSURE STATEMENT—RETAIL PREMISES
NOT LOCATED IN RETAIL SHOPPING CENTRES
by the Landlord under section 17(1)(a) and section 61(5) of the
Retail Leases Act 2003
NOTE
This statement is to be completed by the Landlord and must be provided to
the Tenant with a copy of the proposed lease at least 7 days before the
signing of a new lease.
The layout of this statement does not need to be the same as the prescribed
disclosure statement in the Retail Leases Regulations 2013.
It is prudent for a Tenant to obtain independent legal and financial advice
before entering into a retail premises lease.
The Tenant has remedies including termination of a lease under the Retail
Leases Act 2003 if information in this statement is misleading, false or
materially incomplete.
Information contained in this statement is correct as at the date of this
statement but may change after the date of this statement and during the term
of the lease.
DISCLOSURE STATEMENT
by the Landlord
Landlord:
Tenant:
Premises:
Sch. 1
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PART 1 PREMISES
1 Premises details
1.1 Street address of premises
[insert street address of premises and, as applicable, shop
number, name of the building in which the premises is located,
street address of the building]
1.2 Plan of premises (if available)
[Insert description of premises by reference to a prepared plan.
Attach the plan to this disclosure statement as per item 23.1.]
1.3 Lettable area of premises
Will a survey be conducted?
m2
Actual/Estimate
Yes
No
1.4 Existing structures, fixtures, plant and equipment in the premises,
provided by the landlord (excluding any works, fit out and
refurbishment described in Part 3)
[select as appropriate]
air conditioning
cool room
floor coverage
grease trap
hot water service
lighting
mechanical exhaust
painted walls
plastered walls
shop front
sink
sprinklers
suspended ceilings
telephone
water supply
waste
electrical distribution load (3 phase)
electrical distribution load (single phase)
separate utility meter—gas
separate utility meter—water
separate utility meter—electricity
other
Sch. 1
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1.5 Services and facilities provided by the landlord for the benefit of
the premises (for example, security services, cleaning)
2 Permitted use
2.1 Description of permitted use
[Note: the tenant should investigate if the proposed use of the
premises is permitted under planning laws.]
3 Number of car parking spaces
3.1 Approximate total spaces spaces
3.2 Available spaces for customers of
the building
spaces
3.3 Reserved spaces for use of the
tenant only
spaces
4 Head lease
4.1 Is the premises under a head lease
or Crown lease?
Yes
No
4.2 Has the landlord provided a copy of
the head lease or Crown lease to the
tenant?
Yes—attached as per
item 23.2
No
Not applicable
4.3 Current term under the head lease or Crown lease and option/s to
renew
Not applicable
Details of head lease as follows:
Current term:
years
/ /20 to / /20
Options to renew:
years
/ /20 to / /20
[list any options for further terms held by the landlord under the
head lease]
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4.4 Is the head landlord's consent to the
lease required?
Yes
No
PART 2 TERM OF LEASE AND OPTION/S TO RENEW LEASE
5 Term of lease
5.1 Date lease commences
(see also date of handover at
item 7)
/ /20
Actual/Estimate
5.2 Length of term years months
5.3 Date lease expires
(based on the date indicated at
item 5.1 as the date the lease
commences)
/ /20
6 Option/s to renew lease
6.1 Option/s details
(Note: an option to renew a lease must be exercised in writing and
given to the landlord on or before the last day stated in the option
clause of the lease)
No options to renew lease
Options as follows:
Length of option Period of option Exercise date
years
Actual/Estimate
years
Actual/Estimate
/ /20 to
/ /20
/ /20 to
/ /20
/ /20 to
/ /20
/ /20 to
/ /20
[list all options to renew lease]
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PART 3 WORKS, FIT OUT AND REFURBISHMENT
7 Date of handover
7.1 Date of handover
(if different to the date the lease
commences indicated at item 5.1)
/ /20
Actual/Estimate
8 Landlord's works
8.1 Description of works to be carried out by the landlord before the
date the lease commences
[exclude any works that form part of the tenant's fit out at item 9]
8.2 Estimate of expected contribution
by the tenant towards the cost of the
landlord's works
$
[see also outgoings (item 13) in relation to any maintenance and
repair outgoings]
9 Tenant's fit out works
9.1 Fit out works to be carried out by the tenant
(excluding the landlord's works at item 8)
9.2 Is the landlord providing any contribution towards the cost of the
tenant's fit out?
Yes
[insert details of landlord's contribution]
No
9.3 Does the landlord have requirements as to the quality and
standard of shop front and fit out?
Yes
[insert details or provide fit out guide]
No
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PART 4 RENT
10 Annual base rent
10.1 Starting annual base rent
(i.e. when the lease commences)
$
Including/Excluding GST
10.2 Rent free period
[describe any rent free period]
10.3 Date of rent commencement / /20
10.4 How rent payments are to be made?
[insert description of how rent is paid—e.g. by equal monthly
instalments in advance on the first day of each month, other than
the first and last payments which are calculated on a pro-rata
basis]
11 Rent adjustment (rent review)
11.1 Rent adjustment date(s) and adjustment method
[insert a list of all rent adjustment dates and adjustment methods
—e.g. fixed increase by X%, fixed increase by $X, current market
rent, indexed to CPI]
PART 5 OUTGOINGS
12 Contribution by tenant towards landlord's outgoings
12.1 Is the tenant required to pay or
contribute towards the landlord's
outgoings?
Yes
No
12.2 Describe any period during which the tenant is not required to pay
outgoings
12.3 Date on which payment of
outgoings is to commence
/ /20
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12.4 Formulae for apportioning outgoings
[insert formulae on how outgoings payable by tenant are to be
apportioned]
13 Outgoings estimates (annual) for the 12 month period
/ /20 to / /20
[State which of the following are payable by the tenant.
The landlord may be prevented by the Retail Leases Act 2003
from claiming certain costs.]
Estimate per annum for the
building
(Including/Excluding
GST)
13.1 Administration
Administration costs (excluding
management fees and wages)
Management fees
$
$
13.2 Air conditioning/temperature
control
Air conditioning maintenance
Air conditioning operating costs
$
$
13.3 Building management
Body corporate/strata levies
Building intelligence services
Energy management services
Gardening and landscaping
Insurance
Pest control
Ventilation
$
$
$
$
$
$
$
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13.4 Building security
Caretaking
Emergency systems
Fire protection
Security services
$
$
$
$
13.5 Cleaning
Cleaning consumables
Cleaning costs (excluding
consumables)
$
$
13.6 Government rates and charges
Local government rates and
charges
Water, sewerage and drainage
rates and charges
Fire services property levy
(Note: under section 50 of the
Retail Leases Act 2003, the
landlord may not claim land tax as
an outgoing)
$
$
$
13.7 Repairs
Repairs and maintenance
Sinking fund for repairs and
maintenance
(Note: under section 41 of the
Retail Leases Act 2003, the
landlord may not claim the capital
costs of the building in which the
premises are located)
$
$
13.8 Utility services
Electricity
Gas
Oil
Water
$
$
$
$
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13.9 Waste management
Sewerage disposal
Waste collection and disposal
$
$
13.10 List any other outgoings
$
$
$
13.11 Estimated tenant contribution to
outgoings
$
PART 6 OTHER COSTS
14 Other monetary obligations and charges
14.1 Outline any costs arising under the
lease including up-front costs or
other costs not part of the outgoings
and not referred to elsewhere in this
disclosure statement
[e.g. interest and legal costs]
PART 7 ALTERATION WORKS (INCLUDING RENOVATIONS,
EXTENSIONS, REDEVELOPMENT, DEMOLITION)
15 Alteration works
15.1 Are there any alteration or demolition works, planned or known to
the landlord at this point in time, to the premises or building,
including surrounding roads, during the term or any further term
or terms?
Yes
[insert details of the proposed works]
No
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16 Clauses in lease dealing with relocation and demolition works
16.1 Clause(s) in lease providing for relocation of tenant
Clause(s) of the lease
Not applicable
16.2 Clause(s) in lease providing for demolition of the premises or
building
Clause(s) of the lease
Not applicable
PART 8 OTHER DISCLOSURES
17 Other disclosures
17.1 Are there any current legal proceedings in relation to the lawful
use of the premises or building?
Yes
[provide details]
No
17.2 Are there any alteration or demolition works, planned or known to
the landlord at this point in time, to land adjacent to or in close
proximity to the premises or building, during the term or any
further term or terms?
Yes
[provide details]
No
18 Representations by landlord
18.1 Any other representations by the landlord or the landlord's agent
[landlord to insert details of any other oral or written
representations made by the landlord or the landlord's agent]
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PART 9 LANDLORD ACKNOWLEDGEMENTS AND
SIGNATURE
19 Acknowledgements by landlord
By signing this disclosure statement, the landlord confirms and
acknowledges that:
● this disclosure statement contains all representations in relation to the
proposed lease by the landlord and the landlord's agents as at the date
of this disclosure statement;
● this disclosure statement reflects all agreements that have been made
by the parties;
● the landlord has not knowingly withheld information which is likely to
have an impact on the tenant's proposed business.
Warnings to landlord when completing this disclosure statement:
● The tenant may have remedies including termination of lease if the
information in this statement is misleading, false or materially
incomplete.
20 Landlord's signature
20.1 Name of landlord
[insert name of landlord]
20.2 Signed by the landlord or the landlord's agent for and on behalf of
the landlord
x................................................................
20.3 Name of the landlord's authorised representative or landlord's
agent
[insert name of person signing with the authority of the landlord]
20.4 Date / /20
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PART 10 TENANT ACKNOWLEDGEMENTS AND SIGNATURE
21 Acknowledgements by the tenant
By signing this disclosure statement, the tenant confirms and
acknowledges that the tenant received this disclosure statement.
Before entering into a lease, tenants should consider these key
questions:
● Does the planning authority allow your proposed use for the premises
under planning law?
● Is the security of your occupancy affected by:
● mortgages, charges or encumbrances granted by the landlord?
● rights and obligations under a head lease?
● Does the premises comply with building and safety regulations? Is the
premises affected by outstanding notices by any authority?
● Could your trading be affected by disturbances or changes to the
building?
● Does the landlord require you to refurbish the premises regularly or at
the end of the lease?
● Can the landlord end the lease early even if you comply with the
lease?
● Are all the existing structures, fixtures and plant and equipment in
good working order?
● Are you required to make good the premises at the end of the lease?
22 Tenant's signature
It is important that a tenant seek independent legal and financial
advice before entering into a lease.
22.1 Name of tenant
[insert name of tenant]
22.2 Signed by the tenant or for and on behalf of the tenant
x......................................................................
22.3 Name of the tenant's authorised representative
[insert name of person signing with the authority of the tenant]
22.4 Date / /20
Sch. 1 Sch. 1
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PART 11 ATTACHMENTS
23 List of attachments
Attached?
23.1 Plan of premises
(see item 1.2)
Yes
Not applicable
23.2 Head lease or Crown lease
(see item 4.2)
Yes
Not applicable
23.3 Additional attachments
[list of any additional attachments]
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SCHEDULE 2
LANDLORD'S DISCLOSURE STATEMENT—RETAIL PREMISES
LOCATED IN RETAIL SHOPPING CENTRES
by the Landlord under section 17(1)(a) and section 61(5) of the
Retail Leases Act 2003
NOTE
This statement is to be completed by the Landlord and should be provided to
the Tenant along with the Information Brochure about retail leases published
by the Small Business Commissioner and a copy of the lease at least 7 days
before the signing of a new lease. The Information Brochure is also available
at the Office of the Small Business Commissioner.
The layout of this statement does not need to be the same as the prescribed
disclosure statement in the Retail Leases Regulations 2013.
It is prudent for a Tenant to obtain independent legal and financial advice
before entering into a retail premises lease.
The Tenant has remedies including termination of a lease under the Retail
Leases Act 2003 if information in this statement is misleading, false or
materially incomplete.
Information contained in this statement is correct as at the date of this
statement but may change after the date of this statement and during the term
of the lease.
DISCLOSURE STATEMENT
by the Landlord
Landlord:
Tenant:
Premises:
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KEY DISCLOSURE ITEMS
1 Annual base rent under the lease
(see item 10.1)
$ p.a.
Including/Excluding GST
2 Is a rent based on turnover
payable by the tenant in year 1?
(see item 12)
Yes
No
3 Total estimated outgoings and
promotion and marketing costs
for the tenant in year 1
(see Parts 5 and 6)
$
Including/Excluding GST
4 Term of the lease
(see item 5)
years months
5 Estimated commencement date of
the lease
(see item 5.1)
/ /20
6 Estimated handover date of the
premises
(see item 7.1)
/ /20
7 Does the tenant have an option to
renew for a further period
(exercised in writing and given to
the landlord on or before the last
day stated in the option clause)?
(see item 6)
Yes
No
8 Does the lease provide the tenant
with exclusivity in relation to the
permitted use of the premises?
(see item 2.2)
Yes
No
Sch. 2
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PART 1 PREMISES
1 Premises details
1.1 Street address of premises
[insert street address of premises and, as applicable, shop
number, name of the building/centre in which the premises is
located, street address of the building/centre]
1.2 Plan of premises (if available)
[Insert description of premises by reference to a prepared plan.
Attach the plan to this disclosure statement as per item 33.1.]
1.3 Lettable area of premises
Will a survey be conducted?
m2
Actual/Estimate
Yes
No
1.4 Existing structures, fixtures, plant and equipment in the premises,
provided by the landlord (excluding any works, fit out and
refurbishment described in Part 3)
[select as appropriate]
air conditioning
cool room
floor coverage
grease trap
hot water service
lighting
mechanical exhaust
painted walls
plastered walls
shop front
sink
sprinklers
suspended ceilings
telephone
water supply
waste
electrical distribution load (3 phase)
electrical distribution load (single phase)
separate utility meter—gas
separate utility meter—water
separate utility meter—electricity
other
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1.5 Services and facilities provided by the landlord for the benefit of
the premises (for example, security services, cleaning)
2 Permitted use
2.1 Description of permitted use
[Note: the tenant should investigate if the proposed use of the
premises is permitted under planning laws.]
2.2 Is the permitted use described in
item 2.1 exclusive to the tenant?
Yes
No
3 Number of car parking spaces
3.1 Approximate total spaces spaces
3.2 Available spaces for customers of
the building/centre
spaces
3.3 Reserved spaces for use of the
tenant only
spaces
4 Head lease
4.1 Is the premises under a head lease
or Crown lease?
Yes
No
4.2 Has the landlord provided a copy of
the head lease or Crown lease to the
tenant?
Yes—attached as per
item 33.2
No
Not applicable
Sch. 2
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4.3 Current term under the head lease or Crown lease and option/s to
renew
Not applicable
Details of head lease as follows:
Current term:
years
/ /20 to / /20
Options to renew:
years
/ /20 to / /20
[list any options for further terms held by the landlord under the
head lease]
4.4 Is the head landlord's consent to the
lease required?
Yes
No
PART 2 TERM OF LEASE AND OPTION/S TO RENEW LEASE
5 Term of lease
5.1 Date lease commences
(see also date of handover at
item 7)
/ /20
Actual/Estimate
5.2 Length of term years months
5.3 Date lease expires
(based on the date indicated at
item 5.1 as the date the lease
commences)
/ /20
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6 Option/s to renew lease
6.1 Option/s details
(Note: an option to renew a lease must be exercised in writing and
given to the landlord on or before the last day stated in the option
clause of the lease)
No options to renew lease
Options as follows:
Length of option Period of option Exercise date
years
Actual/Estimate
years
Actual/Estimate
/ /20 to
/ /20
/ /20 to
/ /20
/ /20 to
/ /20
/ /20 to
/ /20
[list all options to renew lease]
PART 3 WORKS, FIT OUT AND REFURBISHMENT
7 Date of handover
7.1 Date of handover
(if different to the date the lease
commences indicated at item 5.1)
/ /20
Actual/Estimate
8 Landlord's works
8.1 Description of works to be carried out by the landlord before the
date the lease commences
[exclude any works that form part of the tenant's fit out at item 9]
8.2 Estimate of expected contribution
by the tenant towards the cost of the
landlord's works
$
[see also outgoings (item 14) in relation to any maintenance and
repair outgoings]
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9 Tenant's fit out works
9.1 Fit out works to be carried out by the tenant
(excluding the landlord's works at item 8)
9.2 Is the landlord providing any contribution towards the cost of the
tenant's fit out?
Yes
[insert details of landlord's contribution]
No
9.3 Does the landlord have requirements as to the quality and
standard of shop front and fit out?
Yes
[insert details or provide fit out guide]
No
PART 4 RENT
10 Annual base rent
10.1 Starting annual base rent
(i.e. when the lease commences)
$
Including/Excluding GST
10.2 Rent free period
[describe any rent free period]
10.3 Date of rent commencement / /20
10.4 How rent payments are to be made?
[insert description of how rent is paid—e.g. by equal monthly
instalments in advance on the first day of each month, other than
the first and last payments which are calculated on a pro-rata
basis]
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11 Rent adjustment (rent review)
11.1 Rent adjustment date(s) and adjustment method
[insert a list of all rent adjustment dates and adjustment methods
—e.g. fixed increase by X%, fixed increase by $X, current market
rent, indexed to CPI]
12 Rent based on turnover
12.1 Is a rent based on turnover payable by the tenant?
(Note: the lease must specify the method by which a rent based on
turnover is to be determined.)
Yes
[insert method of calculating the turnover rent]
No
12.2 If a rent based on turnover is not
required to be paid, does the
landlord require the tenant to
provide details of turnover?
Yes
No
PART 5 OUTGOINGS
13 Contribution by tenant towards landlord's outgoings
13.1 Is the tenant required to pay or
contribute towards the landlord’s
outgoings?
Yes
No
13.2 Describe any period during which the tenant is not required to pay
outgoings
13.3 Date on which payment of
outgoings is to commence
/ /20
13.4 Formulae for apportioning outgoings
[insert formulae on how outgoings payable by tenant are to be
apportioned]
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14 Outgoings estimates (annual) for the 12 month period
/ /20 to / /20
[State which of the following are payable by the tenant.
The landlord may be prevented by the Retail Leases Act 2003
from claiming certain costs.]
Estimate per annum for the
building/centre
(Including/Excluding
GST)
14.1 Administration
Administration costs (excluding
management fees and wages)
Management fees
$
$
14.2 Air conditioning/temperature
control
Air conditioning maintenance
Air conditioning operating costs
$
$
14.3 Building/centre management
Body corporate/strata levies
Building intelligence services
Customer traffic flow services
Energy management services
Gardening and landscaping
Insurance
Pest control
Ventilation
$
$
$
$
$
$
$
$
14.4 Building/centre security
Caretaking
Emergency systems
Fire protection
Security services
$
$
$
$
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14.5 Cleaning
Cleaning consumables
Cleaning costs (excluding
consumables)
$
$
14.6 Communications
Post boxes
Public telephones
$
$
14.7 Customer facilities
Car parking
Child minding
Escalators
Lifts
Uniforms
$
$
$
$
$
14.8 Customer information services
Information directories
Public address/music
Signage
$
$
$
14.9 Government rates and charges
Local government rates and
charges
Water, sewerage and drainage
rates and charges
Fire services property levy
(Note: under section 50 of the
Retail Leases Act 2003, the
landlord may not claim land tax as
an outgoing.)
$
$
$
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14.10 Repairs
Repairs and maintenance
Sinking fund for repairs and
maintenance
(Note: under section 41 of the
Retail Leases Act 2003, the
landlord may not claim the capital
costs of the building/centre in
which the premises are located.)
$
$
14.11 Utility services
Electricity
Gas
Oil
Water
$
$
$
$
14.12 Waste management
Sewerage disposal
Waste collection and disposal
$
$
14.13 List any other outgoings
$
$
$
14.14 Total outgoings for the
building/centre
$
14.15 Formula for determining tenant's share of the total outgoings for
the building/centre
14.16 Estimated tenant contribution to
outgoings
$
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PART 6 OTHER COSTS
15 Advertising and promotional costs
15.1 Is the tenant required to contribute
towards advertising and
promotional costs (including
marketing fund contributions) for
the building/centre?
Yes
No
15.2 Tenant's contribution to advertising and promotional costs per
annum
Not applicable
Yes—contribution per annum is $ Actual/Estimate
Yes—contribution per annum is % of the rent
(excluding GST) payable from time to time
Yes [insert details of tenant's contribution per annum
and how this is determined]
16 Other monetary obligations and charges
16.1 Outline any costs arising under the
lease including up-front costs or
other costs not part of the outgoings
and not referred to elsewhere in this
disclosure statement
[e.g. interest and legal costs]
PART 7 ALTERATION WORKS (INCLUDING RENOVATIONS,
EXTENSIONS, REDEVELOPMENT, DEMOLITION)
17 Alteration works
17.1 Are there any alteration or demolition works, planned or known to
the landlord at this point in time, to the premises or
building/centre, including surrounding roads, during the term or
any further term or terms?
Yes
[insert details of the proposed works]
No
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18 Clauses in lease dealing with relocation and demolition works
18.1 Clause(s) in lease providing for relocation of tenant
Clause(s) of the lease
Not applicable
18.2 Clause(s) in lease providing for demolition of the premises or
building/centre
Clause(s) of the lease
Not applicable
PART 8 TRADING HOURS
19 Core trading hours relevant to the tenant
Monday
Tuesday
Wednesday
Thursday
Friday
a.m. to p.m.
a.m. to p.m.
a.m. to p.m.
a.m. to p.m.
a.m. to p.m.
Saturday
Sunday
a.m. to p.m.
a.m. to p.m.
Public holidays a.m. to p.m.
20 Tenant access to premises outside core trading hours
20.1 Is the tenant permitted to access the premises and building/centre
outside core trading hours?
Yes
[provide details including cost of access]
No
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PART 9 RETAIL SHOPPING CENTRE DETAILS
21 Retail shopping centre details
21.1 Total number of shops shops
21.2 Gross lettable area of the centre m2
Actual/Estimate
22 Annual turnover of the shopping centre
22.1 Annual estimated turnover
(where collected)
$
Including GST/
Excluding GST
22.2 Annual estimated turnover by
specialty shops per m2
(where collected)
Food
Non food
Services
$ per m2
Including GST/
Excluding GST
$ per m2
Including GST/
Excluding GST
$ per m2
Including GST/
Excluding GST
23 Major/anchor tenants
23.1 Major/anchor tenants and lease expiry dates
[list all major and anchor tenants (e.g. department stores,
discount department stores, supermarkets) and the dates on which
leases held by those tenants expire]
24 Floor plan and tenancy mix
24.1 Floor plan showing tenancy mix,
common areas, common area
trading, kiosks and major tenants
Attached as per
item 33.4
24.2 Does the landlord assure the tenant
that the current tenant mix will not
be altered by the introduction of a
competitor?
Yes
No
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25 Customer traffic flow information
25.1 Does the landlord collect customer
traffic flow information?
Yes—attached as per
item 33.5
No
26 Casual mall licensing for common areas
26.1 Does the landlord adhere to the
Shopping Centre Council of
Australia's Casual Mall Licensing
Code of Practice?
Yes—casual mall
licensing policy
attached as per
item 33.6
No
PART 10 OTHER DISCLOSURES
27 Other disclosures
27.1 Are there any current legal proceedings in relation to the lawful
use of the premises or building/centre?
Yes
[provide details]
No
27.2 Are there any alteration or demolition works, planned or known to
the landlord at this point in time, to land adjacent to or in close
proximity to the premises or building/centre, during the term or
any further term or terms?
Yes
[provide details]
No
28 Representations by landlord
28.1 Any other representations by the landlord or the landlord's agent
[landlord to insert details of any other oral or written
representations made by the landlord or the landlord's agent]
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PART 11 LANDLORD ACKNOWLEDGEMENTS AND
SIGNATURE
29 Acknowledgements by landlord
By signing this disclosure statement, the landlord confirms and
acknowledges that:
● this disclosure statement contains all representations in relation to the
proposed lease by the landlord and the landlord's agents as at the date
of this disclosure statement;
● this disclosure statement reflects all agreements that have been made
by the parties;
● the landlord has not knowingly withheld information which is likely to
have an impact on the tenant's proposed business.
Warnings to landlord when completing this disclosure statement:
● The tenant may have remedies including termination of lease if the
information in this statement is misleading, false or materially
incomplete.
30 Landlord's signature
30.1 Name of landlord
[insert name of landlord]
30.2 Signed by the landlord or the landlord's agent for and on behalf of
the landlord
x................................................................
30.3 Name of the landlord's authorised representative or landlord's
agent
[insert name of person signing with the authority of the landlord]
30.4 Date / /20
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PART 12 TENANT ACKNOWLEDGEMENTS AND SIGNATURE
31 Acknowledgements by the tenant
By signing this disclosure statement, the tenant confirms and
acknowledges that the tenant received this disclosure statement.
Before entering into a lease, tenants should consider these key
questions:
● Does the planning authority allow your proposed use for the premises
under planning law?
● Is the security of your occupancy affected by:
● mortgages, charges or encumbrances granted by the landlord?
● rights and obligations under a head lease?
● Does the premises comply with building and safety regulations? Is the
premises affected by outstanding notices by any authority?
● Could your trading be affected by disturbances or changes to the
building/centre?
● Does the landlord require you to refurbish the premises regularly or at
the end of the lease?
● Can the landlord end the lease early even if you comply with the
lease?
● Are all the existing structures, fixtures and plant and equipment in
good working order?
● Are you required to make good the premises at the end of the lease?
● Is the tenancy mix of the shopping centre likely to change during the
term of the lease? (see item 24.2)
32 Tenant's signature
It is important that a tenant seek independent legal and financial
advice before entering into a lease.
32.1 Name of tenant
[insert name of tenant]
32.2 Signed by the tenant or for and on behalf of the tenant
x......................................................................
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32.3 Name of the tenant's authorised representative
[insert name of person signing with the authority of the tenant]
32.4 Date / /20
PART 13 ATTACHMENTS
33 List of attachments
Attached?
33.1 Plan of premises
(see item 1.2)
Yes
Not applicable
33.2 Head lease or Crown lease
(see item 4.2)
Yes
Not applicable
33.3 Additional attachments
[list of any additional attachments]
33.4 Floor plan
(see item 24.1)
Yes
Not applicable
33.5 Customer traffic flow statistics
(see item 25.1)
Yes
Not applicable
33.6 Casual mall licensing policy
(see item 26.1)
Yes
Not applicable
33.7 Additional attachments relating to the retail shopping centre
[list of any additional attachments]
__________________
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SCHEDULE 3
LANDLORD'S DISCLOSURE STATEMENT ON RENEWAL OF
LEASE
by the Landlord under section 26(1) of the
Retail Leases Act 2003
NOTE
This statement is to be completed by the Landlord for renewed leases under
section 26(1) of the Retail Leases Act 2003.
If the Tenant has exercised or is entitled to exercise an option to renew a
retail premises lease, the Landlord is required to provide this statement to the
Tenant at least 21 days before the end of the current term.
In the situation where all of the parties to a retail premises lease enter into an
agreement to renew the lease, the Landlord is required to provide this
statement to the Tenant no later than 14 days after the entering into of the
agreement.
The layout of this statement does not need to be the same as the prescribed
disclosure statement in the Retail Leases Regulations 2013.
It is prudent for a Tenant to obtain independent legal and financial advice
before renewing a retail premises lease.
The Tenant has remedies including termination of a lease under the Retail
Leases Act 2003 if information in this statement is misleading, false or
materially incomplete.
Information contained in this statement is correct as at the date of this
statement but may change after the date of this statement and during the term
of the lease.
DISCLOSURE STATEMENT
by the Landlord
Landlord:
Tenant:
Premises:
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PART 1 KEY INFORMATION
1 Renewal of lease
1.1 Date on which the option to renew the lease agreement for the
premises was exercised, or date on which all of the parties to the
lease entered into an agreement to renew the lease.
[landlord to insert date]
2 Alteration works
2.1 Are there any alteration or demolition works, planned or known to
the landlord at this point in time, to the premises or
building/centre, including surrounding roads, during the term or
any further term or terms?
Yes
[insert details of the proposed works]
No
3 Other matters
3.1 Are there any other matters that may materially affect the tenant’s
ongoing business and are not referred to in the lease? [e.g. current
legal proceedings, planned changes to tenancy mix]
Yes
[insert details]
No
3.2 Are there any alteration or demolition works, planned or known to
the landlord at this point in time, to land adjacent to or in close
proximity to the premises or building/centre, during the term or
any further term or terms?
Yes
[provide details]
No
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4 Other monetary obligations and charges
4.1 Outline any other costs arising under the renewed lease not
including costs that are referred to in the statement of outgoings
under section 47 of the Act and are not referred to in the lease.
[e.g. interest and legal costs]
PART 2 LANDLORD ACKNOWLEDGEMENTS AND
SIGNATURE
5 Acknowledgements by landlord
By signing this disclosure statement, the landlord confirms and
acknowledges that:
● the landlord has not knowingly withheld information that may
materially affect the tenant's ongoing business.
Warning to landlord when completing this disclosure statement:
● the tenant may have remedies including termination of lease if the
information in this statement is misleading, false or materially
incomplete.
6 Landlord's signature
6.1 Name of landlord
[insert name of landlord]
6.2 Signed by the landlord or the landlord's agent for and on behalf of
the landlord
x................................................................
6.3 Name of the landlord's authorised representative or landlord's
agent
[insert name of person signing with the authority of the landlord]
6.4 Date / /20
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PART 3 TENANT ACKNOWLEDGEMENTS AND SIGNATURE
7 Acknowledgements by the tenant
By signing this disclosure statement, the tenant confirms and
acknowledges that the tenant received this disclosure statement.
8 Tenant's signature
It is important that a tenant seek independent legal and financial
advice before renewing the lease.
8.1 Name of tenant
[insert name of tenant]
8.2 Signed by the tenant or for and on behalf of the tenant
x......................................................................
8.3 Name of the tenant's authorised representative
[insert name of person signing with the authority of the tenant]
8.4 Date / /20
__________________
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SCHEDULE 4
DISCLOSURE STATEMENT—ASSIGNED LEASE WHERE
ONGOING BUSINESS
by the tenant under section 61(5A) of the
Retail Leases Act 2003
NOTE
This statement is to be completed by the Tenant if a lease assignment referred
to in section 61(5A) of the Retail Leases Act 2003 is proposed. The
statement should be provided to the Landlord and Proposed assignee.
Before the Tenant requests the Landlord’s consent to the assignment, the
Tenant must give the Proposed assignee a copy of the Landlord's disclosure
statement and details of changes that have affected the information in that
statement since it was given to the Tenant (see section 61(3) of the Retail
Leases Act 2003).
The layout of this statement does not need to be the same as the prescribed
disclosure statement in the Retail Leases Regulations 2013.
It is prudent for a Proposed assignee to obtain independent legal and financial
advice before taking an assignment of a retail premises lease.
Information contained in this statement is correct as at the date of this
statement but may change after the date of this statement and during the term
of the lease.
DISCLOSURE STATEMENT
by the Tenant
Tenant:
Proposed assignee:
Landlord:
Premises:
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PART 1 ASSIGNMENT
1 Business records
1.1 Has the tenant provided the proposed assignee with business
records for the previous 3 years or such shorter period as the
tenant has carried on business at the premises?
Yes
No
2 Landlord notices
2.1 Over the term of the current lease agreement, has the landlord
given any notices under the Retail Leases Act 2003 to the tenant?
Yes
[insert details of notices given by the landlord]
No
3 Lease variations
3.1 Have there been any material variations to the lease since the
lease was first granted or last renewed?
Yes
[insert details of lease variations]
No
4 Advice on outgoings
4.1 If the tenant had occupied the premises for a period of greater
than 12 months, what type and value of outgoings was the tenant
liable to pay to the landlord with respect to the premises over the
last 12 months?
[Tenant to list the type and value of outgoings paid to the
landlord over the previous 12 month period]
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5 Disputes
5.1 Are there any current disputes between the landlord and tenant
under or in relation to the lease?
Yes
[insert details]
No
6 Other matters
6.1 Are there any matters not connected to the lease agreement,
planned or known to the tenant at this point in time that may
materially affect the viability of the ongoing business over the
remaining lease period?
Yes
[insert details]
No
6.2 Are there any alteration or demolition works, planned or known to
the tenant at this point in time, to the premises or building/centre,
including surrounding roads, during the term or any further term
or terms?
Yes
[provide details]
No
6.3 Are there any alteration or demolition works, planned or known to
the tenant at this point in time, to land adjacent to or in close
proximity to the premises or building/centre, during the term or
any further term or terms?
Yes
[provide details]
No
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PART 2 TENANT ACKNOWLEDGEMENTS AND SIGNATURE
7 Acknowledgements by tenant
By signing this disclosure statement, the tenant confirms and
acknowledges that:
● this disclosure statement contains all representations in relation to the
proposed lease and ongoing business by the tenant and the tenant’s
agents as at the date of this disclosure statement;
● the tenant has not knowingly withheld information that may materially
affect the proposed assignee’s ongoing business.
8 Tenant’s signature
8.1 Name of tenant
[insert name of tenant]
8.2 Signed by the tenant or the tenant’s agent for and on behalf of the
tenant
x................................................................
8.3 Name of the tenant’s authorised representative or tenant’s agent
[insert name of person signing with the authority of the tenant]
8.4 Date / /20
PART 3 PROPOSED ASSIGNEE ACKNOWLEDGEMENTS AND
SIGNATURE
9 Acknowledgements by the proposed assignee
By signing this disclosure statement, the proposed assignee confirms
and acknowledges that the proposed assignee received this disclosure
statement.
10 Proposed assignee’s signature
It is important that a proposed assignee seek independent legal and
financial advice before taking assignment of a lease.
10.1 Name of proposed assignee
[insert name of proposed assignee]
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10.2 Signed by the proposed assignee or for and on behalf of the
proposed assignee
x......................................................................
10.3 Name of the proposed assignee’s authorised representative
[insert name of person signing with the authority of the proposed
assignee]
10.4 Date / /20
PART 4 LANDLORD ACKNOWLEDGEMENTS AND
SIGNATURE
11 Acknowledgements by landlord
By signing this disclosure statement, the landlord confirms and
acknowledges that the landlord received this disclosure statement.
12 Landlord's signature
12.1 Name of landlord
[insert name of landlord]
12.2 Signed by the landlord or the landlord's agent for and on behalf of
the landlord
x................................................................
12.3 Name of the landlord's authorised representative or landlord's
agent
[insert name of person signing with the authority of the landlord]
═══════════════
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ENDNOTES
1 Reg. 4(a): S.R. No. 30/2003 as amended by S.R. No. 91/2010.
2 Reg. 4(b): S.R. No. 91/2010.
Endnotes
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