Late Arrival Snaps Up Investment
A local Hawthorn East resident buys her local eatery at 493 Tooronga Road, Hawthorn East.
Whether you are looking to manage, lease or sell your commercial property, our approach is always the same. We aim to excel in every detail of the process, and be a joy to deal with.
Condition Reports are standard practice in the Residential leasing market, however there is no specific requirement for these in the Victorian commercial leasing market. The Retail Leases Act 2003 makes no mention of them, and current Commercial Leases, such as the REIV or LIV, are silent on the matter.
We thought you may be interested to know of a recent VCAT hearing which is of relevance to all commercial property landlords with a Retail Lease.
In April 2019, in the case of Cheng v Wang (Building and Property)  VCAT 496, VCAT determined that a landlord was required to undertake repairs and maintenance at its cost for items that it leased to the tenant.