M5 Retail shop lease outgoings recovery (FREE)

1 CPD Point, Face to Face (SLPL28)

Designed specifically for retail property management professionals, this workshop involves a comprehensive analysis of the legislative provisions and case law impacting on the recovery of outgoings under leases to which the Commercial Tenancy (Retail Shops) Agreements Act 1985 (WA) applies, including:

• the minimum criteria for enforceable outgoings provisions in a retail shop lease;
• outgoings recoveries prohibited by the Act;
• special considerations and requirements for sinking fund and marketing fund contributions;
• outgoings apportionment for multi-tenanted properties, including the concept of “relevant proportion”, the identification of different “referable” cost centres, the calculation of out-of-hours charges, and the determination of “lettable area” as defined by the Act (and how it may differ from Property Council of Australia Methods of Measurement); and
• the obligations under the Act to give annual forward-looking outgoings estimates and backwards-looking outgoings statements, and the potential consequences of failing to comply with those obligations having regard to the Trimat Holdings decisions in the District Court and Supreme Court.

Agenda:
Registration from 4.30pm
Workshop commences 4.50pm
Workshop concludes 6.00pm

Followed by FREE networking food and drinks