Information about a notice of termination of leaseĪ notice of termination of lease is usually preceded by a notice to remedy breach of covenant issued under section 124 of the Property Law Act 1974 (Qld) (the PLA). There are also various forms of relief currently available to tenants of eligible commercial leases under the Retail Shop Leases and Other Commercial Leases (COVID-19 Emergency Response) Regulation 2020 (Qld) which gives effect to the good faith leasing principles set out in the National Cabinet mandatory code of conduct – SME commercial leasing principles during COVID-19 (the Code). That is because an experienced commercial leasing lawyer (as you will see below) may be able to set aside, dispute or otherwise invalidate the notice on technical legal grounds, or otherwise assist you with resolving your dispute with the landlord including reinstating the lease and/or securing compensation for you. You should contact a lawyer whether or not you believe you are liable for the breaches of the lease being relied upon by the landlord to justify termination. It is therefore imperative that you urgently seek professional advice if you have received a notice of termination of lease for your commercial or retail shop lease. If the lease is terminated, you and any guarantors of the lease remain liable for all the financial obligations under the lease until the property is re-let. If you do not respond to the notice of termination of lease immediately, your lease may be cancelled, giving the landlord the right to re-enter the property effectively taking back control of the property and significantly disrupting your business and resulting in any security you have provided under the lease being called upon.
Contact Gibbs Wright Litigation Lawyers.Were you aware there was a problem with your lease?.Information about a notice of termination of lease.
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