Key changes to the Retail Leases Act (2003)
Property Law
On 22 September 2020, the Retail Leases Amendment Act 2020 (Vic) came into force. The Amendment Act created new rights and obligations to important retail leasing processes governed by the Retail Leases Act 2003 (Vic) (“the Act”). It is imperative that both landlords and tenants are aware of these key changes to avoid any consequences and loss of entitlements regarding their existing leases and new leases. This article summarises these changes and will focus on the new process for further lease terms.