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A Lease in Retail means a contract by which one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment. A legal document outlining the terms under which one party agrees to rent property from another party. A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the lessee for a specified number of months or years. Both the lessee and the lessor must uphold the terms of the contract for the lease to remain valid.
I would like to sign a retail lease for a market stall that is three days a week trade. I can easily afford the rent even if I didn't sell a single thing.
What are my obligations as a bankrupt to reveal to the lease holder?
Am I actually allowed to sign a lease?
Also my trading name uses my...
Hi guys,
I purchased a business (in Victoria) as a going concern in November 2015. The existing commercial lease is a standard lease of real estate (Law Institute of Victoria Nov 2012 Revision) governed by the Retail Leases Act 2003.
The landlord provided a written statement that he was...