When was the Law Society lease first introduced?

Introduction It is now more than 20 years since the Law Society Lease (LSL), adapted for use under the Retail Leases Act 1994 (NSW) (RLA) was first introduced in 1994. There were subsequent revisions in 2001, 2006 and 2007. The current version is the 2007 LSL.

Can a lease agreement be entered into for business purposes?

The Act does not apply to a lease agreement entered into for business purposes. The landlord and the tenant are bound by the terms contained in the lease agreement.

When did Retail Leases Act 1994 come into effect?

Retail Leases Act 1994 (NSW) (RLA) was first introduced in 1994. There were subsequent revisions in 2001, 2006 and 2007. The current version is the 2007 LSL.

Is the Rental Housing Act applicable to commercial lease agreements?

Legislation however also plays an important role in this area of the law and both the Rental Housing Act and the Consumer Protection Act may very well be applicable in any particular set of facts. Each case must be looked at on its own facts and its own merits.

Is the Law Society commercial lease the same as the retail lease?

The Law Society Commercial Lease is similar to the Law Society Retail Lease, but does not include the provisions that are required to comply with the Retail Lease Act 1994. It is important to choose the appropriate Lease: • Where the premises to be leased are subject to the provisions of the Retail Leases Act 1994, use the Law Society Retail Lease.

What is the Law Society of British Columbia commercial lease practice?

Commercial Lease Drafting LAW SOCIETY OF BRITISH COLUMBIA COMMERCIAL LEASE PRACTICE CHECKLISTS MANUAL DRAFTING 12/19 B-11-1 ACTION TO BE CONSIDERED NOTES INTRODUCTION Purpose and currency of checklist. This checklist is designed to be used with the

What are the lease covenants in Law Society lease?

Annexure A contains the Schedule of Items, and Annexure B contains the lease covenants. As was the case with the Law Society Lease, any alterations and additions to the lease covenants in Annexure B must be made by additional clauses in Annexure A. The printed clauses in Annexure B are to remain in their copyright form without alteration.

Is there PPSA clause in Law Society lease?

The Law Society Retail Lease (and the Law Society Commercial Lease) include a PPSA clause as is now common in most leases. •Changes to reflect changes in practice Like the Contract for the sale and purchase of land 2018 edition, both new Leases make provision for email service. •Changes to assist in the preparation of the lease