Leasing a commercial property

Introduction

This page has information about signing a lease for a business premises in the Northern Territory (NT). 

A lease is a contract between a landlord and a tenant. 

It sets out the terms and conditions for the tenancy and the rights and obligations of both parties. It is legally enforceable.

A retail lease will describe the premises in detail and all of the following specifies:

  • the formula for calculating rent
  • whether the rent will be reviewed during the lease
  • options for renewing the lease 
  • any contributions you as the tenant may be expected to make to the landlord's expenses
  • what the premises are allowed to be used for.

Retail shop leases 

Before you sign a retail shop lease, the landlord must have a copy of the proposed lease available for your inspection. The landlord must give you a copy as soon as you enter into negotiations concerning the lease.

If the shop is in a shopping centre, it is a good idea to get a plan showing the specific premises to be leased.

Searching for a premises

Before starting your search for a business premises you should do all of the following:

  • research the kind of business you want to run
  • identify where the market for your business is located
  • register a business name with the Territory Business Centre (ph: 1800 193 111)
  • apply for relevant licences and permits with the Territory Business Centre
  • set a budget with advice from your accountant.

Draft lease

Once you start your search for a business premises, inspect several potential sites and compare the pros and cons of each.

When you’ve selected the right premises for your business, you’ll receive a copy of the draft lease.

Print all pages in this section

Last updated: 07 October 2015

Share:

Was this page useful?

Describe your experience

More feedback options

To provide comments or suggestions about the NT.GOV.AU website, complete our feedback form.

For all other feedback or enquiries, you must contact the relevant government agency.