Managing the Variance Between Invoice Amount and Contractual Values in IFRS/AASB16
Welcome to the second edition of LeaseInfo®’s ongoing blog segment dedicated to answering your FAQ’s when it comes to IFRS/AASB16. Last time we started with the basics and explored the steps your business needed to take to become IFRS/AASB16 compliant. Today we will be answering the most common problem our clients report to us when […]
Understanding Rental Determinations
For most retail businesses rent is the second largest expense after staffing. Understanding the value of your lease is critical to rent negotiation, occupancy costs, budgeting, and by extension overall business success. Many businesses do not utilise the options at their disposal when in a disagreement about the value of their lease, one of these […]
National Mandatory Leasing Code for SME’s: Explained
Has your bricks and mortar retail business been affected by COVID-19? In this post, I’ll be taking you through a comprehensive look at who qualifies for the new Federal Government Code detailing rent relief guidelines for commercial property as well as the process of obtaining rent relief. It is important to note that this post […]
5 Tips to Prepare for Lease Negotiation for Retailers
When negotiating a lease, one of the critical skills needed to reach an agreement is the ability to persuade or convince the other party. The art of persuasion is key to a successful lease negotiation as you need to be able to persuade the other party and get them to accept your position in the […]
PropTech is Disrupting the Australian Commercial Real Estate Sector – Are you ready?
For many seasoned commercial property players, the words Artificial Intelligence (AI), property technology and disruption are ‘over the horizon’ terms which are ‘medium to long term strategic concepts’. Right? Absolutely wrong! Over the last decade, certain types of technologies like AI, Blockchain, Internet of Things and Big Data have been infiltrating sectors such as banking, […]
Leasing Basics: Key Lease Terms
Understanding key lease terms can often assist both lessors and lessees to better grasp their lease entitlements and obligations in complex leases. To assist you in better understanding your leases, we’ve outlined in this blog post some of the key terms that you will come across in most retail and other commercial leases. Types of […]
