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

Gymboree Corporation, USA

“Everyone was very efficient and helpful. Anthony and Meghan were very responsive and knowledgeable.”

Ms Erica Kreer

Senior Manager, Lease Administration

Gymboree Corporation, USA

15 October 2011

Read More

WE ARE ALWAYS
LOOKING FOR
GREAT TALENT

View our Careers Page

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

View Locations Map

WE ARE ONE OF
SYDNEY'S LEADING
RETAIL LEASE LAW FIRMS

Learn More

Copyright © 2019 Herro Solicitors.
All Rights Reserved.

Liability limited by a scheme approved under Professional Standards Legislation.

Terms of Use
Privacy Policy