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.
“Herro Solicitors’ knowledge and expertise in NSW retail leasing is unrivalled. It’s always a pleasure to work with Anthony and the
team, their experience and advice has always been valuable.