How long can a commercial lease be for in New South Wales?

In New South Wales, there is no specific statutory limit on the duration of a commercial lease. The length of a commercial lease is generally determined through negotiation between the landlord and the tenant, taking into consideration their respective needs and interests. Commercial leases can vary in duration depending on the agreement reached between the parties.

Typically, commercial leases can range from short-term leases, such as a few months or a year, to long-term leases that extend for several years or even decades. The specific terms and conditions of the lease, including the lease duration, will be outlined in the lease agreement.

It's important for both landlords and tenants to carefully review and negotiate the terms of the lease, including the duration, rent, maintenance responsibilities, renewal options, and any other pertinent clauses. Seeking legal advice is essential in helping to ensure that the lease agreement accurately reflects the intentions and protects the rights and interests of both parties.

At Kells, our commercial leasing lawyers can help provide tailored guidance to ensure you have a smooth and legally sound commercial lease. We are dedicated to saving our clients time, money with the right advice at the right time.