When acting for a tenant, it is important to ensure the tenant understands its obligations as to how the premises are to be delivered to the landlord at the end of the lease term. This is known as the “make good” obligations of the tenant and will be governed by the provisions in the lease.
We are proud to announce that Mason Sier Turnbull has changed its name to MST Lawyers.
Although our identity has changed, you will continue to receive great service and sensible solutions from our dedicated team.
Further exciting changes will be made over the upcoming months (including our new website). Keep an eye out for these.
We take this opportunity to thank you for your ongoing support and look forward to working with you for many years to come.
In the recent case of Willmott Growers Group Inc v Willmott Forests Limited, the High Court upheld the decision of the Victorian Court of Appeal which held that liquidators of a landlord company can use the disclaimer power in the Corporations Act 2001 to extinguish leases granted by that company. So what does this mean for tenants and does this have any effect on mortgagees of a landlord company?
Property development can by a tricky business if you don’t do your homework from the outset.