Marylou has been renting a house for years and wants to rent a commercial space for her new business. She is not sure whether the lease is similar. You know that there are significant differences in the lease agreements and the protection you are offered for your home vs your business. 

Outline two (2) differences between a commercial and residential lease agreement to Marylou In Victoria, the key legislation which applies to retail leases is the Retail Leases Act 2003 (Vic). With reference to this Act and the relevant section, what is a retail lease?

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Differences Between Residential and Commercial Leases in Victoria Hi Marylou renting a commercial sp... View the full answer