From the blog

Legal Wise Lease Agreement

Since 2016, ACME Properties (the tenant) has leased some commercial premises in Braeside, Victoria, to Perpetual Corporate Trust Ltd (the owner). With the end of the initial lease term, tenants and landlords began negotiations for a new lease in 2018 and early 2019. The owner conducted these negotiations through his agent, ARA Australia (ARA). On March 25, 2019, ARA made available to the tenant a document formatted “Offer to Lease”. The terms of that rental offer also contained the assertion that the offer was subject to “the formal agreement of the lessor, given or withheld at its discretion” and to “the execution of all legal documents by the lessor and the lessee”. Please note that these contracts and legal agreements are the norm. It is therefore advisable to get legal advice when concluding a contractual agreement. .