What Is A Disclosure Statement?

A Disclosure Statement summarises the key terms of the proposed lease and outlines the tenant’s obligations and potential risks associated with the premises.

It commonly includes details about:

• the landlord and tenant;
• the premises and permitted use;
• the lease term and any options;
• rent and rent review provisions;
• estimated outgoings payable by the tenant;
• fit-out requirements;
• incentives or rent-free periods;
• trading hours or shopping centre requirements; and
• any landlord works, relocation or redevelopment rights.

The Disclosure Statement should always be consistent with the lease itself. Any inconsistencies between the two documents can create confusion and increase the risk of disputes.

For more information please refer to the article ‘What is a Disclosure Statement and Why Does it Matter?‘, alternatively you can speak with one of our Commercial Team today on 8525 2700 or click here to request an appointment.

Article by Valentina Abouzeid
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