Managing commercial property in Victoria requires staying compliant with the Retail Leases Act 2003 and related regulations. The 2025 updates have introduced new transparency requirements that every landlord should know.
Disclosure Obligations
Landlords must provide updated Disclosure Statements before lease renewals or new agreements. These must include outgoings, rent review methods, and maintenance responsibilities.
Essential Safety Measures
Owners remain responsible for ensuring that all essential safety measures (such as fire equipment, exits, and signage) are maintained and certified annually.
Security Deposits and Bank Guarantees
Regulations now require clearer communication about the handling and return of security deposits, including the timeline after lease expiry.
Rent Reviews
While market reviews remain common, CPI and fixed increases must be clearly stated in the lease. Owners cannot apply multiple review methods at once for the same period.
Energy and Sustainability Standards
New environmental efficiency disclosures may be introduced in late 2025. Landlords should prepare for tenant requests for greener fit-outs or energy data sharing.
Commercial leases are complex and mistakes can be costly. At Rented Property Management, our specialists handle both retail and non-retail leases across Victoria, ensuring your compliance and optimising your property’s performance.
