1. a contract by which one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment.
e.g "a six-month lease on a shop”
2. the latest instrument to be made available in PEXA for South Australian practitioners!!!
Today history was made with Minter Ellison lodging South Australia’s first digital Lease. The exercise was made possible by Stephen Hill, Partner at Minter Ellison in Adelaide, and Wayne Kaplan, Partner at Sparke Helmore Lawyers in Sydney as certifiers on behalf of the lessor & lessee. Stephen Hill, Partner at Minter Ellison
Minter Ellison are making a habit of ‘firsts’ in SA, hot off their Mortgagee work on the Kodo Apartments that settled in PEXA. The team who enjoyed this ‘first’ for leasing, including Yvette Graetz and Courtney Roberts, were full of praise for the process:
We are excited to be the first firm in South Australia to lodge a lease electronically on PEXA. We are very proud to be a part of this milestone and game changing step. Our leasing practice is significant and the benefits of electronic lodgement and registration of leases is a 'value add' to our clients.Yvette Graetz & Stephen Hill, Minter Ellison
Electronic lodgement will change the way that the industry currently operates by allowing faster registration times and we were lucky enough to be the first to use this innovative technology. PEXA made the process easy and were available at all times to address any of our queries and we look forward to continuing our relationship with PEXA.
Congrats guys, you're making the PEXA team and your peers proud of your pioneering work.