Search
Close this search box.

Finance & Leasing Advice

Once a Contract for Sale or Purchase of Business has been exchanged it is usually binding on both parties. Prior to exchange, it is essential these items are addressed.

Send an enquiry

ABOUT US

We advise our clients on a wide range of pharmacy finance and leasing advice matters

Finance

Once a Contract for Sale or Purchase of Business has been exchanged it is usually binding on both parties.

Prior to exchange it is essential the following are addressed:

  1. Is the contract conditional on finance approval?
  2. If so, what are the conditions for obtaining the approval?
  3. If no, are there any conditions imposed by the Bank that must be in the contract (eg. right of entry and mortgage of lease)?
  4. Is the structure correct and the loan in the name of the right parties?

Leasing

As the approval number is attached to premises, the terms and conditions of the lease is one of the most important aspects of pharmacy ownership.

Pharmacies are governed by the Retail Leases Legislation in each State.

Landlord approval is required to the assignment of lease or onsale or purchase of a business.

It is important to consider:

  1. the term of the lease and any options;
  2. rent and outgoings and increases;
  3. bank guarantee/personal guarantee;
  4. approved use;
  5. demolition/relocation clauses;
  6. make good clauses.
Award-Winning Law Firm
Transparent Fee Structure
Modality-specific expertise
Top Rated Lawyers
FAQs

Common questions

No matter where you are in Australia, our highly experienced lawyers can provide highly personalised legal services to meet a diverse range of needs across all areas of Finance & Leasing Advice.
MEET THE TEAM

Our PHARMACY LAW team

All team
Associate
Consultant
Conveyancer
Executive Lawyer
Paralegal
Partner
Registrar
Senior Associate
Solicitor
Special Counsel
THE LATEST INSIGHTS

Explore the latest legal news & insights in PHARMACY LAW

Our finger is on the pulse of relevant news, cases and changes to legislation that may impact our clients. Browse our articles and resources by area of law, and subscribe to our mailing list to be kept up to date.

OUR EXPERTISE

More ways we can help you with PHARMACY LAW

No matter where you are in Australia, our highly experienced lawyers can provide highly personalised legal services to meet a diverse range of needs across all areas of Finance & Leasing Advice.
CONTACT US

Plan your next move

To get in touch with our team, call us or use the contact form. An expert in your chosen area of law will get back to you as soon as possible.

Level 5, 99 York Street, Sydney 2000

By using the form on our contact page

(02) 9279 4888

Liability limited by a scheme approved under Professional Standards Legislation.