Archive | December, 2024

The Supreme Court has held that caps ARE permissible in retail premises leases

December 20, 2024

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In the decision of Aldi Foods Pty Ltd v Northcote Shopping Centre Pty Ltd [2024] VSC 799 handed down this morning, Croft J has held that ‘caps’, or upper limits on rent reviews are permitted by sub-s 35(2) of the Retail Leases Act 2003 (Vic). This decision overturns the VCAT decision in Northcote Shopping Centre Pty Ltd v […]

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