Commercial Property

KHQ News & Insights

Why use a Heads of Agreement?

By James Lainas and David Krolikowski What is a Heads of Agreement (HOA)? An HOA is a written document that records two (or more) parties’ intentions to enter into a more comprehensive agreement in the future. It sets out the main commercial terms and other arrangements that the parties agree to include in the agreement, … Read more

Retail leases in Victoria

By James Lainas & Jennifer Huppert In Victoria, retail leases are governed by the Retail Leases Act 2003 (Vic) (Act). If your lease is deemed to be a retail lease, the Act imposes extra obligations on landlords and affords extra protections to tenants. Those obligations and protections override anything the parties may otherwise have agreed, … Read more

Compliance with landlords’ insurance policies

Issue Commercial leases often contain provisions that prohibit the tenant from doing anything that may void a landlord’s insurance policy or cause insurance policy premiums to increase. The lease typically gives the landlord the right to demand from the tenant reimbursement of any increase in premiums as a result of the tenant’s breach, and to … Read more