Gen Z bringing kindness Full of purpose and compassion is how John Faull describes Gen Z, and he meets a lot of them as they come through his programs like Youths With A Mission Sunshine Coast (YWAM), where young people give their time and heart to serving their community.
H
olly Koster is a ‘Gen Z’ young person. The kind of optimistic, hands-on youth the world really needs right now.
by REBECCA MUGRIDGE
TIPS FOR LANDLORDS OF RETAIL PREMISES PART 1
At just 21 years old, she is giving up her Friday nights to give back to the community by volunteering at the Anglican Church in Nambour, where she leads a team of girls to help the community volunteers there feed the local homeless.
As a landlord of commercial premises it is important to identify what business your tenant will be carrying out from your premises so that you can prepare a lease that will comply with the requirements of the relevant act involved. In Queensland commercial leases generally speaking come under two distinct areas; the first being retail shops which are governed by the Retail Shop Leases Act and the second being non retail shops governed by provisions of the Property Law Act. I shall concentrate my discussion on leases that come under the Retail Shop Leases Act.
“I think it is something I have noticed in Holly’s generation,” John Faull says with a warm smile. “I noticed after Covid that Gen Z people are very compassionate, very driven, when it comes to causes.
When negotiating with your prospective tenant these are some important tips to keep in mind:
“There is a belief they can participate in making the world a better place.”
Disclosure - both you and your tenant must provide disclosure in the particular format provided by the Retail Shop Leases Regulations. As a landlord your disclosure must be in the form of a Lessor Disclosure Statement annexing a copy of the lease. The Lessor Disclosure Statement gives information about the lease such as the term of the lease, the option periods available, the rental payable, whether bond is payable etc. Importantly note that this information must be given to the tenant at least seven days before the parties enter into the Lease otherwise the tenant will be at liberty to terminate the lease at any time within the next six month period. Your tenant also has to provide you with disclosure to. In the Lessee Disclosure Statement the tenant gives you disclosure of way of a Lessee Disclosure Statement as well proof of both legal and financial advice from their accountant and lawyer in a Financial Advice Report and a Legal Advice Report to say that they have been advised of their legal obligations as a lessee and had the financial implications of the tenancy explained. Term and Options - keep in mind what you want to do with your premises when you negotiate the term and any options (further terms). An example is a lease that has an initial term of three years with two options each of three years' duration. It is important that you note that legally, as long as your tenant is not in breach, you have to honour the lease for the whole period of time until the end of the second option period - in this case a period of nine years. Early notice of the new Market Rent - prior to exercising the next option in the lease your tenant is entitled to request and be provided with the new market rental amount. In part 2 of this article I shall discuss Notices about option periods, Bond, legal costs and the Tenant as an incorporated entity.
John says Gen Z are eager to get out there, to take up a cause and take helpful action. “I have so much hope for this new generation. “For some of them, they were nine or ten when they saw the Global Financial Crisis hit their parents and communities, then in their late teens Covid hit the world. “Gen Z has been marked by two major catastrophes and they want to see change, for many there is a big pull towards nursing and caring occupations, to helping the poor and the needy.” Holly Koster is one such Gen Z person. “I’m taking a group of three other girls every week,
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on a Friday night. We go and help assemble burgers, hand them out, walk around and have conversations, get to know the homeless people in our town and the community. “The group of volunteers we assist are just so welcoming and warm and some of the most incredible people you would ever meet,” says Holly. “There is even a large group of them that drive up weekly from Brisbane to come and help. “There is quite a big homeless community in Nambour and some of them do come back pretty often [to the meal nights] so it is great to get to know them. Just chatting to them, having conversations, is also letting them know they are loved and seen. “It is also great to support the young families. We have noticed that there are quite a few young families that are struggling with homelessness or living out of their cars. Even if the parents are working, many still can’t find or be able to afford a house. “Just being able to have the opportunity to connect with some of the kids and families and show them some love is so rewarding.” With maturity and selflessness, Holly and her fellow Gen Zs show us all that we can all make a difference, and it doesn’t have to be complicated or cost a great deal of money. That sometimes doing some good can be as simple as an act of serving others, giving up a small piece of our own time for somebody else, for a cause.
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