Are there specific legal requirements to buy on the Coral Coast?

by 27th of February, 2026

Yes. Western Australia has a specific legal framework that you must navigate. First, business settlements here are typically handled by licensed Business Settlement Agents rather than solicitors, which can streamline the transfer process. Second, under the Commercial Tenancy (Retail Shops) Agreements Act 1985, if you are taking over a retail lease, the landlord must provide a Disclosure Statement at least 7 days before you enter into the lease, failure to do this gives you strong termination rights. The standard REIWA Contract for Sale of Business is often used and includes critical warranties regarding the business's financials and assets.

Important: These laws are complex, so always consult a qualified Business Settlement Agent or commercial solicitor before signing any contracts.

For operational assistance, new owners can access support through the Small Business Development Corporation (SDSC), which is widely regarded as the premier support agency in the country. They offer the Small Business Growth Grants (up to $10,000 matched funding) and free dispute resolution services, which are vital for resolving B2B or landlord conflicts without going to court. The WA Government and Perth council also provide support to understand licences, regulations, grants, compliance requirements, and the steps involved in purchasing or transferring a business.

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