Tenant Services

Exercise of Options

  • We assist both Tenants and Landlords in relation to exercise of options.
  • If you are a Tenant, you must strictly exercise your option in writing within time, as required under your Lease.
  • Oral acceptance is insufficient.
  • Failure to exercise an option strictly in accordance with the requirements under the Lease in nearly all cases will result in your option being void.
  • If you are a Landlord and the Tenant is in breach on exercise of option, certain requirements must be followed if you wish to use this as grounds for refusal.
  • If the Retail Leases Act applies, we encourage tenants to reach agreement on rent prior to exercise of option. We advise tenants of their rights under the Retail Leases Act in this regard and advise on the relevant provisions and procedures as set out in the Retail Leases Act.

Testimonials

“I couldn't be more pleased with the legal services provided by Anthony Herro. My retail lease was handled in a professional, sensible and efficient manner at all times. Even when the other party created obstacles, Mr Herro was calm, knowledgeable and used his substantial experience to create a fair and reasonable solution that satisfied all. I would recommend Anthony Herro to anyone embarking into a retail lease contract for realistic helpful advice and professional conduct.”

Ms Karri Nadazdy

Andy & Sons

30 June 2005

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Level 4, 234 George St
Sydney NSW 2000
Australia
+61 2 9247 0100

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