by MLLAW | Jul 29, 2021 | Uncategorized
Lease Checklist Term / Renewal Term Shorter with rights of renewal will be more attractive to franchisees Other ongoing payments What other payments are due under the Lease? Marketing contribution; Percentage rent. Use of Premises Keep as general as possible to allow...
by MLLAW | Jul 29, 2021 | Uncategorized
Bank Guarantees A bank guarantee is an agreement by a bank to pay a certain sum to the landlord on demand from that landlord when the tenant is in arrears under the lease. The bank does not have to check with the tenant whether or not it should make payment. The...
by MLLAW | Jul 29, 2021 | Uncategorized
Agreement to Lease Checklist Tenant entity Who is going to be the tenant? Think about incorporating a separate tenant entity per lease (to contain liability). Make sure the tenant company is incorporated prior to execution or the person signing will incur personal...
by MLLAW | Jul 29, 2021 | Uncategorized
The Cancellation of a Lease, Sublease or Licence Strictly follow the previsions of the Property Law Act 2007 (PLA) This is of critical importance. The ramifications for a tenant in terms of losing their business/livelihood can be significant as a result of a...
by MLLAW | Jul 29, 2021 | Uncategorized
Purchasing an Apartment “Off the Plans” – Potential Pitfalls The demand for apartments in recent years has seen purchasers signing sale and purchase contracts on the basis of plans for apartments not yet constructed. Such contracts will not necessarily include...
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