Identifying and Qualifying the Tenant in Commercial and Retail Lease (WCPT412)

Description

This is a 1.5 point session aimed at commercial and retail agents.

The session is focussed on identifying who is the legal entity that is the tenant. This is relevant in preparing and processing the lease as well as in the event of a breach of agreement.
Questions that are asked and answered in this session include:
Is the tenant an individual or other type of legal entity?

• Sole trader
• Partnership
• Corporation
• Unit trust
• Family trust

Other topics include:

• Registered business name versus trading name versus legal entity – why it matters.
• Guarantors and Statutory declarations
• Statement of financial position