If your sublease contract is governed by the TC Act, you essentially assume the responsibility of a lessor under the law and you must make the appropriate documents, including a disclosure statement and a tenant`s guide, available to the new tenant. When negotiating a rental agreement, try to avoid rent revisions based on the percentage of turnover. This means that you agree to pay a basic rent, and once a certain level of turnover is reached, an additional rent is paid on the basis of a percentage of turnover. However, in the case of leases governed by the TC Act, a lessor cannot require you to pay the legal costs associated with them: in the case of leases governed by the TC Act, you are not required to participate in the costs of completion, rebar, equipment or service of the lessor , unless you are informed of this cost in the declaration provided to you at least seven days before the conclusion of the lease. Where a retail rental agreement contains a rent provision to be determined in whole or in part on the basis of the company`s turnover, the tenant should receive a copy of the voting form before the provision is registered. The tenant has the choice to base the rent on the turnover and must fill out and make this form available to the landlord. “Fit-out” is the procedure or act of preparation of the premises rented for occupancy, as requested by the tenant and agreed by the landlord. These include installing items such as store fronts, wall and floor coverings, faucets and faucets. By law, the role of the Small Business Commissioner is to help resolve disputes related to retail leasing transactions. Tenants and landlords can come to us to help resolve their dispute. Depending on the nature of the dispute, it may be appropriate to refer the dispute to mediation. You`ll find out more about our dispute resolution service. The driver must be placed at the front of the rental agreement and included in the disclosure statement.
If you are negotiating an economically viable lease, you need to know and understand the main terms of the lease clauses. You may also violate your lease (break part of the contract) if you do not meet certain requirements. B, for example the non-repair or maintenance of the premises.