Update: Victorian Court of Appeal confirms caps on rent increases under retail leases can be valid
In Northcote Shopping Centre Pty Ltd v Aldi Foods Pty Ltd [2026] VSCA 140, the Victorian Court of Appeal confirmed that a cap on rental increase following a CPI review or market rent review was not contrary to section 35(2) of the Retail Leases Act 2003 (Vic). What were the facts? Aldi leased a shop at…