Expiry of Commercial Lease

Posted by ltxhk (220 days ago)

If a Commercial Lease was signed before 1 July 2004, is the tenant entitled to the one year extension at the initial rental rate?

thnx for any info!

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Posted by ldavy (220 days ago)

The date you're thinking of is 9 July 2004, and the law change only applies to residential property, not commercial. The terms of any commercial rental are determined by what's written in the lease.

Posted by ltxhk (220 days ago)

Thnx for the reply!

Posted by cara (220 days ago)

ldavy, do you know very much about commercial leases?
if so, i have a few quesitons... thanks!

Posted by ldavy (219 days ago)

Hi Cara,
I'm a property agent dealing in residential property so don't know that much about commercial leases, but send me your questions anyway because a couple of my colleagues specialise in commercial property, so we'll do our best to answer. Please e-mail to linda@queensproperty.com
Thanks,
Linda