Here is a link to an article reporting that the WA Parliament is debating the introduction of mandatory disclosure requirements to prospective retail tenants. The article suggests that landlords in WA require tenants to disclose their turnover figures and that landlords may be obliged under the proposed legislation to disclose rents (presumably for comparable premises) […]
Archive | September, 2011
Recent press over shopping centre leases
September 26, 2011
In the past week or so a debate has been brewing between shopping centre retailers and landlords, fuelled by comments made in the media by Mark McInnes and Solomon Lew of Premier Investments. McInnes is employing a strategy of closing stores to reduce losses in his ‘ongoing cost-reduction program’. In some cases where Premier Investments […]
New Greens List website with useful resources
September 21, 2011
Greens List (my clerk) has just launched a new website with resources that followers of this blog might be interested in. Michael Green had this to say about the new site: Especially valuable to solicitors is the library with over 90 papers in it, many of which can have been filmed and can be viewed. There is […]
Adverse possession of disused laneways
September 16, 2011
Solicitors with clients who possess old laneways should consider lodging caveats to protect their clients’ possessory title and making an adverse possession application to the Registrar or Titles as soon as possible. Under s 7B of the Limitation of Actions Act 1958 (Vic): 7B No title by adverse possession against Councils (1) Despite any rule […]
Relief from forfeiture of a franchise agreement
September 7, 2011
Many retail operators occupy their shops under a franchise agreement and outlet licence granted to them by the franchisor who holds a head lease of the property. As it is usually associated with terminated leases, relief from forfeiture is often overlooked by both franchisors and franchisees when a franchise agreement and outlet licence are terminated. […]
September 29, 2011
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