Lease

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<img src="https://www.urban.com.au/images/2017/09/05/Trustbond%20logo1%20small.png" alt="">
One of the main challenges in the landlord-tenant relationship comes from the asymmetry of information.
Rental history can be unreliable and limited. There is also minimal risk to a tenant’s reputation if they misbehave in a tenancy.
At the same time, Airbnb hosts accept guests with ease, and those guests most often leave the property in mint condition? Why is that, and how can it be replicated in the traditional long- term rental industry? 
Review systems like Airbnb serve two purposes. One focuses on the past, and one on the future. 
1. The past: Reviews help landlords select trustworthy guests, and filter out the bad guests. The references or reviews cannot be easily manipulated because they are transparent and have been explicitly written by other hosts in the past.
2. The future: The guests have a lot to lose if they don't behave well with the property. A bad review from the landlord could limit their ability to rent new homes in the future. 
<a href="https://trustbond.com.au/" target="_blank">Trustbond</a> is helping Australian landlords use reputation reviews from Airbnb, eBay, Uber, LinkedIn and many others to the complement tenancy applications. This gives landlords much more accurate information about the trustworthiness of the tenant and their previous behaviors.
A TrustScore is generated for the tenant to use now and in the future. This creates a fundamentally different incentive for tenants to behave well in the property, since bad behavior will affect their Trustbond TrustScore in the future.
For more information, watch the video below or go to <a href="https://trustbond.com.au/" target="_blank">Trustbond</a>.
<iframe src="https://www.youtube.com/embed/WlzfGI_7cJE?rel=0&amp;controls=0&amp;showinfo=0" frameborder="0" width="450" height="315"></iframe>
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Aussie landlords using ratings, reviews like Airbnb to verify tenants

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Tenants and landlords in New South Wales are set to see a huge shake up of the state's rental laws, along the lines of laws already implemented by the Labor Government in Victoria.
The biggest change in the Residential Tenancies Act will put a cap on the timing of rental increases for periodic leases.
An increase will be limited to once a year.
There will be set fees for breaking a fixed term lease, however there will be no penalties for domestic violence victims who break the lease.
Currently tenants who break the lease must pay six weeks in the first half of a fixed term, or four weeks after the mid-way point of the lease.
Matt Kean, the Better Regulation Minister, called the changes common-sense.
“Under these common-sense changes, renting families will be able to make minor alterations, such as installing a picture hook to hang their family photos, and will benefit from a new set of minimum standards to ensure properties are in a liveable condition,” Mr Kean said.
“I believe we’ve struck the right balance with this reform, and I’m proud to be leading change that benefits the people of NSW.”
Since 2016 when the Census figures found one third of New South Wales residents were renters, the lobbying began to amend the Residential Tenancy Act.
Kean called the changes a "sweeping reform for tenants' rights."
 
 
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NSW Government rental laws set to favour tenants in major overhaul

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Popular South Korean restaurant chain Menya Sandaime will open its first restaurant in Australia in the Melbourne CBD following a lease deal negotiated by Savills Australia Victorian retail director, Michael Di Carlo.
Menya has taken a 10 year lease at 225 Russell Street, a 93 square metre shop.
Rents in the street have been in the vicinity of $2000 a square metre.
Michael Di Carlo said Menya Sandaime, which specialises in Japanese ramen dishes, chose Melbourne for its reputation as a multicultural community with a well developed appreciation of foreign foods.
The business is <a href="https://www.menyasandaime.com" target="_blank">third generation</a>. Its South Korean restaurant is open 24 hours a day.
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Korean restaurant leases on Russell Street, Melbourne 

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Core Reality has taken out a 135 square metre lease on a five year term in the six-storey Argus Building in Melbourne's CBD.
Located on the corner of La Trobe and Elizabeth Streets, the heritage listed property has 12 metre high ceilings and exceptional ground-floor exposure.
Savills Australia Retail Executive, Jock Thomson, brokered the deal with colleague Michael Di Carlo.
The Beaux-Arts inspired designing was used by The Argus newspaper from 1926 to 1957.
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Cove Reality takes out Heritage listing lease

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Kmart Australia has agreed terms on the single biggest industrial pre-lease in the Western Australian industrial market in nearly a decade. 
It has committed to a 41,700 square metre, circa $35 million, office and warehouse complex within the Jandakot City precinct at Jandakot Airport which will serve as the retailer’s major distribution centre for WA.
Kmart had taken a long term lease over the facility which includes one hectare of containerised hardstand, with a specially designed wind safety barrier, on the ten hectare site. 
The rental was not disclosed for the facility which will be developed by Jandakot City Holdings.
Construction has an expected completion date of mid next year.
The Kmart deal is the second major pre-lease deal at Jandakot City in recent times following Reece Plumbing’s 15 year pre-commitment to a 25,000 square metre office and warehouse complex in December. 
The Kmart and Reece deals, the largest in WA’s industrial property market in nearly ten years, reflected a welcome declaration of confidence in the WA economy, Savills Australia divisional directors, James Condon and Darren Curry said.
Kmart will relocate from its current facility at Canning Vale. 
The new facility further marks Kmart’s significant growth as it is now one of the most profitable retailers in Australia. 
Since engaging Savills in 2009, it has opened a 76,000 square metre distribution centre at Truganina in Melbourne, a 50,000 square metre facility at Eastern Creek in Sydney, and a 51,000 square metre facility in Brisbane.
 
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Kmart on the distribution centre expansionary path

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Print communications business Blue Star Group will consolidate three Melbourne offices to a single warehouse after signing a long term lease in the Melbourne south-eastern suburb of Keysborough. 
The property, 70-86 Atlantic Drive, is part of Australand's Key Industrial Estate and was let on a long term lease of what is believed to be around $90 per square metre.
Savills Associate Director, Daniel Kelly, said access for staff was an important consideration for Blue Star Group when signing the lease.
"The tenant was in the market for a property which ticked all the boxes for a national manufacturing and distribution firm with a focus on ease of transport solutions and with the flexibility to grow the operation," Mr Kelly said.
"They were also attracted to the modern high-bay warehouse, on-grade loading and docks and ease of access to the CBD, docks and interstate via Melbourne’s freeway network."
The office and warehouse comprises a 6789 square metres. The high bay warehouse is 6452 square metres with the office space  sized 337square metres.
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Australand warehouse let to Blue Star Group

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Brigt Australia, an Australian based property investment company with a head office in China, has lease office space at 133 Castlereagh Street, Sydney.
The deal, negotiated by Jamie Horton of Savills Office Leasing, comprises of 226 square metres of fitted out office space.
It was at a rental of circa $168,000 per annum net.
It was Brigt Australia’s first office premises in Australia, having had branches throughout Asia.
133 Castlereagh Street is a 32 storey "A" Grade office tower featuring column free floor plates of approximately 1,236 sqm.
Located between Market and Park Streets, the complex also features onsite childcare, secure basement parking, bicycle racks, showers, lockers and change room facilities.
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Brigt takes Sydney office space through Savills

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Everglory Energy, a subsidiary of Everglory China, has agreed terms on a three year lease at One Margaret Street, Sydney.
It was the last remaining suite available on level 17, according to Savills leasing agent Chris Rowe who brokered the deal.
The office space was let on a three year term at an average gross yearly rental of around $136,000.
DEXUS, the owners of One Margaret Street, had implemented a new suites strategy on level 17 of the building, creating seven small fitted suites, designed to suit occupiers from 150 to 210 square metres.
One Margaret Street is an 18 level A-Grade office tower located in the Western corridor of the Sydney CBD.  
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DEXUS secures Everglory Energy as One Margaret Street tenants

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The US indoor sports firm, Cue Time Pty Ltd, has agreed terms on a new office and warehouse lease at Clayton South in Melbourne’s south-eastern suburbs.
The lease deal was brokered by Savills Australia.
The 1/86-102 Whiteside Road property, speculatively built by Virtus Property Group, comprises a 2032 square metre industrial facility including a 1632 square metre warehouse and 400 square metres of office space.
Savills Associate Director, Daniel Kelly brokered the deal on a ten year term at $190,000 per annum net.
The facility would be used as a sporting complex for badminton, table tennis and other sports.
The tenant was attracted to the location next door to a trampoline centre, given potential business synergies, while the high ceilings, the quality of the build, and availability of on-site parking were other factors. 
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