Archive | March, 2013

Is a stated intention to exercise an option sufficient to create a new agreement to lease?

March 28, 2013

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In the recent VCAT decision of South Yarra Colonnade Pty Ltd v Designbuilt Industries Pty Ltd & Ors (Retail Tenancies) [2013] VCAT 266, a tenant of a retail shop sent a letter to its landlord advising the landlord that it intended to exercise its option. When the lease was subsequently terminated, the landlord argued that the […]

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