Resources
Five-Year Waiver Certificate
Many leases are signed for a period of five years, with further options to renew. Others are signed for shorter terms, also with further options to renew. Tenants have the right to a five-year term but are able to waive this right and sign a lease for a shorter time period. Tenants whose lease terms add up to at least five years do not need to apply for a waiver certificate. A three-...
Outgoings
What are outgoings? Outgoings are costs payable relating to the premises or in the case of a multi-occupancy property, such as a shopping centre, the premises and the property. When leased these costs may be transferred to the tenant. Examples of outgoings include water rates, council rates and owner’s corporation fees. A landlord must provide the tenant with various documents outlining...