Australia, April 26 -- New South Wales Land and Environment Court issued text of the following judgement on March 25:
1. The plaintiff (Lessor) and the first defendant company (Lessee) entered into a commercial lease (the Lease) on 2 March 2016 of premises at 23 Chicago Avenue, Blacktown NSW for the period 21 January 2016 to 20 January 2023 with an option to renew for seven years. The second defendant is the Lessee's guarantor.
2. On 11 May 2022, the Lessee exercised the option.
3. It is common cause that both for the original Lease period and for the option period the Lessee does not pay any outgoings. This is the burden of the Lessor.
4. Section 7 of the Lease is entitled Option Review - Market Review. Clause 7.1.0 provides machinery ...