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Types Of Lease Agreements Nsw
The original tenant can continue to take legal action and be sued by the landlord for breach of the rental agreement. Transfer of lease or sublease by the tenant: the lessor cannot unreasonably refuse permission to transfer part of a lease or sublease of part of the building, but this does not apply to social leases. However, in most cases, it is up to the landlord and tenant to decide on the terms of the commercial lease. Certain commercial leases relating to retail businesses are subject to special legislation which is set out in the Retail Leases Act 1994. Other rules that affect the creation of commercial leases are found in the Conveyancing Act 1919 and the Real Property Act 1900. They give the tenant an exclusive right of ownership of the business premises for a certain period of time. Commercial leases in NSW are generally not regulated by law, but by customary law. Please note that in some jurisdictions, an owner cannot ask for a deposit. In other jurisdictions, a landlord may ask for both a deposit and other types of deposits (for example.B.