Leasing of privately owned land in Australia is still only carried out on a small proportion of freehold properties. This leasing market is generally based on informal negotiations between the lessor (landholder) and the lessee (often the neighbour). Properties are rarely advertised for lease but increasingly stock and station agents and the rural media are used to attract potential lessees and lessors. Whether negotiations are informal or not, people negotiating a lease often seek help to calculate a fair rental.

This Primefact discusses:

• legal implications
• calculating a fair rent
• rentals other than leasing
• the future for leasing
• factors to consider in a lease.