In a
market where tenants are difficult to find and keeping and maintaining
acceptable margins is becoming more difficult, there is often the temptation to
cut out what may appear to be unnecessary costs. Registration of leases is one of those line
items where landlords question the value that registration of leases adds to
their asset.
For a
minimum cost, registration of leases provides security, good management, good
governance and sets the gold standard for risk management and governance
practice. Under the Commercial Tenancy
(Retail Shops) Agreement Act 1985 (Retail Shops Act), the Landlord is entitled
to recover the costs of registration from the tenant.
Registration
is a small price to pay for the significant security that registration
provides.
Contact
us for a copy of our Fact Sheet with more information about:
- Why leases should be
registered?
- What risks are involved in not registering?
- How not registering impacts on guarantees and priorities.
Call the
Integra Team to assist with any queries in relation to registration of leases.
