Lease Renewal Documents

NPWS Lease Renewal Process for Perisher Range Resort Club Leases expiring 30th June 2028.

Most (83 out of 86) Club leases expire on 30 June 2028, although SLOPES understands all include an option to renew for a further term of either 10 or 30 years, depending on the individual arrangements negotiated in 2007–08.

SLOPES, on behalf of its members, and NPWS have agreed on a process and timing for determining market land valuations and base rent for future lease terms. This will give Clubs time to decide whether to renew before they need to exercise their lease option in the second half of 2027. For more detail see the KEY POINTS section below which will be updated as the negotiation progresses.

Documents related to the lease renewal are available through the links below.

Emails sent to member Clubs are available in the Info Hub by selecting Lease renewals 2028 from the topic drop-down menu.

CLUB LEASE OPTIONS - SOME KEY POINTS

• Lease exercise period: 1 July 2027 to 31 December 2027
• The information to be determined for the new leases starting 1/7/2028 (Further Term) is:
  - Market Land Value (MLV) as at the Commencing Date of the Further Term
  - the Base Rent for the first year of the Further Term
  - the Base Rent Percentage (BRP) for the first year of the Further Term, and
  - the Turnover Rent Percentage (TRP) for the first year of the Further Term.
• There is a ratchet clause in the leases i.e. the rent cannot go down, only up
• In negotiations with SLOPES NPWS has agreed:
  - Lessees are required under the lease to exercise the option between 1 July 2027 and
  31 December 2027. We agree to provide this information before lessees are required to exercise the option.
• SLOPES has agreed with NPWS the following timetable:

July 2026	Appointment by NPWS of a valuer to commence the valuation project
1 February 2027	NPWS notify lessees of MLV, BRP and TRP
1 April 2027	Lessees to lodge a dispute notice no later than this date
30 June 2027	Finalisation of MLV review and dispute process
1 July 2027 to 31 December 2027	Option exercise period

• There is a link below to a copy of the NPWS lease to SLOPES member Mirrabooka Ski Club. NPWS has advised that the ‘boilerplate’ terms are the same for all 84 Club leases expiring on 30 June 2028. The differences are in the variables eg premises, rent etc. This lease is posted as a representative example of the ‘boilerplate’ provisions
• SLOPES has appointed a valuer to assist it in representing those Clubs that choose to appoint them in the upcoming lease negotiations. The valuer is:

David Lunney
Lunney Watt & Associates
www.lunneywattvaluers.com.au

The information on this webpage and the links should not be considered legal advice as the information is general in nature. Each Club should consider its own circumstances and obtain advice tailored to those circumstances as it considers appropriate. SLOPES accepts no responsibility for any person who uses this information and suffers harm as a result.