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Articles from INDUSTRY ASSOCIATIONS (259 Articles)

The JAA is hosting a webinar to help jewellers tackle rising rent
The JAA is hosting a webinar to help jewellers tackle rising rent

Jewellers get proactive with leasing webinar

The Jewellers Association of Australia is set to host a webinar on retail leasing – the latest in a suite of measures it has taken to help retailers tackle rising rental costs.

The interactive online discussion, which will be conducted on Tuesday 5 August, will be led by commercial property expert Gary Newton, who is a partner in CBP Lawyers’ property and development team.

Newton will be accompanied by Barry Johnston, the outgoing chair of the Real Estate Institute of New South Wales Commercial Chapter – which represents the needs of commercial property professionals throughout NSW – as well as by CBP solicitors from Brisbane and Melbourne.

The “How to get the best leasing deal” webinar will include discussion topics such as common lease provisions and their implications, how to use data analysis to assess the viability of a lease offer, and lease negotiation strategies.

The online seminar will also cover the rights of each party, how to deal with landlords effectively, and tips on handling the negotiating process to get a better rent deal.

According to Newton, retailers need to consider a variety of factors when signing a new lease or renegotiating an existing one, including timing and location.

“Whether it’s understanding legal jargon or considering alternative comparable spaces, it’s important to understand all the options before signing on the dotted line,” he said.

A proactive approach to the rental challenge
The webinar is part of a wider initiative the Jewellers Association of Australia (JAA) is undertaking to address rental challenges.

Earlier this month, the JAA sought approval from the Australian Competition and Consumer Commission to create a national database of jewellery store rental data – an application that is still underway.

The association has also been in talks with South Australian senator Nick Xenophon, whose motion for a national retail leasing inquiry was recently approved by the Senate.

“The inquiry is a good win for the jewellery industry. However, while the Senate Economics Reference Committee investigates retail leasing in Australia we need to ensure the industry is protecting its interests now,” JAA president Selwyn Brandt said.

The webinar will take place from 2:30pm to 3:30pm Australian Eastern Standard Time and is open to both JAA members and non-members.

For more information, visit the JAA website.

More reading
Senate inquiry good news for jewellers
Jewellers take on landlords
The rent trap: jewellers versus landlords

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