Time: 2 hours duration - 10:00am to 12:00pm
Fee: $200 + GST (flat rate)
Date: TBD subject to expressions of interested from councils
For: Asset managers and property officers
Councils are responsible for managing large property portfolios that are occupied by a broad range of tenants and users. Where properties are used by third party occupiers, a lease is put in place between the council as ‘landlord’ and the third party as ‘tenant’.
Because a lease forms the basis of a legal relationship, it is important that it is clear regarding the responsibilities of each party. It is important to outline the responsibilities and obligations of the tenant and be sure that the staff tasked with managing the property portfolios (and administering the leases) have an understanding of fundamental leasing principles and concepts.
The following matters will be addressed within this session:
- What are the key characteristics of a lease?
- What Acts and Regulations do you need to be aware of?
- Lease v’s Management Agreement – what are the key differences?
- The utility of standard terms and special conditions
- When does a lease commence?
- Rent and rent review mechanisms
- Outgoings, and the recovery of outgoings from tenant
- Common tenant obligations
- Common landlord obligations
- End of lease obligations
- Key risk issues to be aware of during the negotiation of a lease
Paul Ng is a Partner at MinterEllison and a leading practitioner in the property and development market. He advises on the full spectrum of property related transactions with a specific focus on government (particularly local government), and the not for profit sector. Paul advises, prepares and negotiates documents for various development arrangements, including property strategies, the acquisition, development and lease of purpose-built facilities, negotiation of major agreements for lease and contracts for sale.
WEBINAR OPTION AVAILABLE
Please contact Emma Urvan at firstname.lastname@example.org or on 8224 2035 if you wish to attend via webinar.