Retail leasing FAQ3: My lease expires next year. What are my options?

My lease expires next year. What are my options?

• Where a lease is expiring with no ‘option’ term, it becomes a ‘stay or go’ decision.
• There are differences in the legislation state to state which determines the processes around renewals or terminating leases on expiry
• Generally, a landlord will issue a notice advising if they are offering renewal or not and if they are, it will have the proposed terms of the renewal
• A tenant will achieve the best outcomes when they start this process 12-18mths before the expiry
• if there’s an option term available, other factors need to be considered