by aslaumbe | May 31, 2017 | Articles, Business Sale & Purchase Articles, Commercial Agreement & Dispute Articles, Conveyancing Articles, Lease Articles
Surrender of Retail and Commercial Leases When a landlord and a tenant both agree to terminate a lease before its expiry date this is called a surrender of Lease. A lease creates an interest in land in favour of the tenant and constitutes a contract between the...
by aslaumbe | May 16, 2017 | Articles, Commercial Agreement & Dispute Articles, Lease Articles, Litigation Articles
Bank Guarantees for Retail and Commercial Leases A landlord of a retail or commercial property often requires a tenant to provide a bank guarantee as security in case the tenant defaults under the Lease. Many bank guarantees that are offered to landlords are...
by aslaumbe | Oct 6, 2015 | Articles, Business Sale & Purchase Articles, Commercial Agreement & Dispute Articles, Lease Articles
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...
by aslaumbe | Sep 8, 2015 | Articles, Building Dispute Articles, Commercial Agreement & Dispute Articles, Debt Recovery Articles, Lease Articles
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...
by aslaumbe | Aug 30, 2015 | Articles, Business Sale & Purchase Articles, Lease Articles
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...
by aslaumbe | Jul 14, 2015 | Articles, Business Sale & Purchase Articles, Commercial Agreement & Dispute Articles, Lease Articles
Buying a Franchise A franchise involves a business owner (the franchisor) giving you (the franchisee) the right, upon payment of a fee, to market and sell the franchisor’s products or services in accordance with the franchisor’s system of management and...