The Retail Leases Act regulates the retail leasing sector. It ensures the certainty and fairness of retail leasing arrangements between property owners and tenants, including the mechanisms employed to resolve disputes over retail leases. It covers the rights and obligations of each party. A retail premises is used for the sale or hire of retail goods or the provision of retail services.
Stakeholders include property owners, business owner tenants, estate agents, Victorian Small Business Commission, valuers, shopping centre management, and insurance companies.