The material on this web site provides general information only and does not constitute legal advice.
All material on this web site is subject to copyright. Use of material from this site, other than for personal use, must be authorised by Nicholas Dibb.
In some cases copyright for logos and images on this web site is held by someone other than Nicholas Dibb, and permission to reproduce them must be requested from the copyright owner.
There are generally 3 parties to a lease: the lessor (landlord); the lessee (tenant); and the guarantor(s) (the person(s) who provide assurance that the lessee will comply with the essential terms of the lease).
Essential terms of a lease generally include:
  • the payment of rent on time;
  • the payment of outgoings;
  • permitted use of the premises;
  • pre-conditions regarding the assignment and subletting of the leased premises;
  • termination of the lease; and
  • providing proper bond and/or bank/personal guarantee with respect to your liabilities under the lease.