Retail leasing FAQ15: What is the shortest period of time I can lease a shop for?

What is the shortest period of time I can lease a shop for?

• With retail and consumer trends changing so rapidly, it's now possible to do shorter-term leases with the full protection of the Act for as short a term as 1 year.
• Due to the capital costs involved in establishing the store, including fit out costs equipment etc, a 1 yr term doesn’t provide a lot of time to achieve the required return the initial investment.
• Generally, better terms are achievable on a longer lease, including incentives from the landlord.
• If you do prefer a shorter term at a particular location, there are other flexible options available such as casual leasing or pop-ups.