VIC Retail Lease, any caps on outgoing increases?

Discussion in 'Commercial Law Forum' started by joe184, 2 October 2019.

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  1. joe184

    joe184 Member

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    Can anyone let me know what the caps are on increases to outgoings for a commercial lease for a retail property in Vic? Landlord has increase an outgoing by 100% and whilst they did put this in the schedule 1 disclaimer, seems the increase is unfair.

    I've read the Retail Leases act 2003, and amendments, and I cant find or doesnt mention any caps on increases.
     
  2. joe184

    joe184 Member

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    Anyone have any ideas with this one?

    Thank you.
     
  3. Adam1user

    Adam1user Well-Known Member

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    From my experience and what I saw, it was always disclosed in the agreement/contract between the parties, but in your case, what you can do, is contact the council for that area and they may answer your question or direct you to the best people.
     
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