If the lease does not provide for a period of five years, a tenant has the possibility to extend it in accordance with the KV law (legal option). You must ensure that the duration (duration) of the proposed lease is long enough for you to make your investment and make the required profit. Keep in mind that after your lease expires, the landlord is not required to renew it and you may need to find another space. Much of your goodwill could be related to your premises, so it`s important to protect this. As above, describe the notice period they must take if they want to terminate the agreement prematurely. In the Northern Territory, landlords are allowed to use any form of written lease as long as it is in full compliance with the law of the region. . . .