Unless your organisation owns the property (premises) in which it operates its business, it will need to find suitable premises in which to operate, and enter into an arrangement with the owner of those premises. That arrangement is usually by way of a lease or licence to occupy. There are different types of licences and leases that vary between States, and whether the premises are commercial or retail in nature. The purpose of this article is to broadly highlight the differences. Lease A lease is […]
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