Changes to the Retail Leases Act 1994 (NSW) in force

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In February 2017 the NSW Parliament amended the Retail Leases Act 1994 (NSW). Some changes that have been in force include:
  • bank guarantees are required to be returned within two months after the tenant has performed their obligations
  • the financial jurisdiction of NSW Civil and Administrative Tribunal was increased to $750,000, allowing greater access for tenants to resolve disputes.
  • leases for a term longer than three years must be registered and lodged within three months of their execution

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