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Standard retail leases will give retailers a lift at this critical time
As we await the economic fallout of the end of JobKeeper, the Real Estate Institute of NSW (REINSW) has devised a way for retail businesses to save thousands of dollars at a time when they need all the help they can get.
According to the REINSW, with a Government-prescribed retail lease agreement, retailers and landlords could avoid waiting months for leases to emerge from an unnecessarily long and costly legal process.
Just like standard residential lease agreements enable tenants to move in quickly once signed, a standard retail lease could enable retailers to get to work straight away.
With Leanne Pilkington soon to be stepping away from her role as president of the Real Estate Institute of New South Wales (REINSW), the current president-elect knows he has “very big and sparkly shoes to fill”.
The Real Estate Institute of NSW (REINSW) has acknowledged the NSW Government's intention to protect tenants in rental arrears beyond March 27 but has.