Australia: Real Estate and Construction

Commercial lease agreements are binding contracts that define the rights and obligations of landlords and tenants. Unlike residential leases, commercial leases often involve longer terms...

Victoria's response to the combustible cladding crisis is entering its final phase with the introduction of the Cladding Safety Victoria Repeal Bill 2026. The Bill marks the conclusion of a world-first regulatory intervention that has overseen the rectification of more than 1,600 buildings since the wake of the 2017 Grenfell Tower fire.

Victoria's amended Security of Payment Act introduces significant changes to how contractors can claim the return of performance security and limits principals' rights to call on that security. The new statutory framework creates a formal process for security claims and imposes notice requirements that fundamentally alter the commercial risk allocation between parties in construction contracts.