Commercial 101 – The Basics (WCPT410)

Description

This is a 2.5 point session aimed at non-commercial people who want to know more about commercial real estate.
The session is about understanding a commercial lease as opposed to a retail lease and ensuring participants understand that the Act only applies to retail leases.

The session addresses the covenants and clauses in the REIWA Offer to Lease – Commercial & Industrial, stepping through each of the sections in the lease with explanation including:

• Lessee
• Area
• Rent
• Options
• Outgoings
• Insurances
• Use of premises
• plus the balance of headings in the document

The session also looks at

• termination due to default.
• Security deposits and PPSA
• Bank Guarantees
• Personal Guarantees
• GST
• Use of lawyers