by aslaumbe | Nov 13, 2024 | Articles, Lease Articles
An option clause is a term in a commercial lease that allows a tenant to renew their lease at the end of the original lease period, if they meet certain conditions. Landlords are not obliged to offer a renewal option. However, it is often in the interests of both...
by aslaumbe | Nov 13, 2024 | Articles, Commercial Agreement & Dispute Articles, Conveyancing Articles
Buying a property with someone else is a great way to share the stress and cost of the venture. Often people buy a house with their significant other, to make a home or invest together. Others buy property with friends, relatives or business partners. Joining forces...
by aslaumbe | Nov 13, 2024 | Articles, Business Sale & Purchase Articles
If you are thinking about a new venture, expanding an existing business or entering a new market, one option you might consider is to buy an established business. There are advantages and disadvantages when buying an existing business compared with starting your own....
by aslaumbe | Nov 4, 2024 | Articles, Lease Articles
Before signing a lease of commercial premises to conduct your business, there a numbers of matters that should be taken into account. After all, a lease represents a serious financial commitment and entering into one without due diligence can lead to undesired and...
by aslaumbe | Oct 4, 2024 | Articles, Lease Articles
It is common practice for a letting agent to prepare a Heads of Agreement (“HOA”) to be entered into by a landlord and a prospective tenant before a lease of retail or commercial premises is signed. The document sets out the basic terms of the lease...
by aslaumbe | Oct 4, 2024 | Articles, Commercial Agreement & Dispute Articles, Lease Articles
There are many situations in everyday life where you may be called upon to sign a personal guarantee. Some people will sign one without giving it much thought. But what are they and what are the consequences? A personal guarantee is a promise by an individual to...
