Articles
Things To Know Before Leasing Business Premises
Things To Know Before Leasing Business Premises A lease is an agreement between the owner of business premises (the landlord or lessor) and the operator of a business on the premises (the tenant or lessee). When you enter into a lease you are agreeing to pay...
Business Legal Checklist
Business Legal Checklist 1. Does your Lease expire soon? Do you need to request a new Lease? A Lease over your business premises is an important part of your business. You should check when the Lease expires and, if soon, you must negotiate a new one with your...
Things to Consider When Buying a Business
Things to Consider When Buying a Business There are many advantages to buying an existing business. You won’t be starting from scratch and most often you will be acquiring a business with an existing customer or client base and regular cash flow. To ensure that this...
Transferring a Lease to a New Business Owner
Transferring a Lease to a New Business Owner As part of the sale of a business the vendor and the purchaser have to decide if the purchaser wishes to have a transfer over the existing lease of the business premises or wishes to apply to the lessor for a new lease. If...
How to Create a Sale of Business Contract
Understanding the Contract for the Sale of a Business Once the owner of a business (the vendor) and the buyer (the purchaser) agree on the sale, the details must be set out in a written agreement called a Contract for the Sale of Business. Usually, the vendor’s...