Registering Commercial Leases - NSW

[thesuperman]

I have been informed if a Commercial lease has a term of more than 3 years, it must be registered. Is that correct?

Say you bought a property with a current tenant & the lease wasn't registered. What happens if the lease isn't registered? How much & where do you register the lease? Are there any legal issues now or down the track?

How do you check if a Commercial lease is registered or not? Is there a free site to check this somehow?

 

[John M]

Commercial leases up to 3 years (including options) in NSW can be drawn up by agents. Anything more than 3 years has to go to solicitors and be registered against the title of the property.

 

[chilliblue]

Quickest way to determine whether a NSW lease is registered or not is to ask for a copy of the lease with the registration number printed on the front page. Just ensure that lease dates are current.

Otherwise it is a trip the NSW Registrar General.
http://rgdirections.lpi.nsw.gov.au/

 

[thesuperman]

Ok, thanks for both your comments

 

[Scott No Mates]

A title search which should have been completed by your solicitor at the time of purchase would reveal any registered leases.