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Lease Agreements generally follow a time-and-tested approach. Tenant likes the property; a Lease Agreement is signed; Tenant moves in; Tenant pays their rent each month. At the end of the fixed period, Tenant elects to either renew the lease, or continue on a month-to-month. Or terminate and move out. Most people are familiar with this…
I own a small property that I leased to a business just over two years ago. I sent a notice to the tenants informing them that I was terminating the lease and they would be required to move out. I actually thought I was being generous by giving them 60 days’ notice to leave. The…
Previously, on the topic of the Consumer Protection Act and Lease Agreements – Part II: We’ve ascertained that the CPA has an impact on lease agreements. But not all lease agreements. Lease agreements between legal entities are excluded from the Act, the basic premise being that they (or their Armani-clad legal team on their behalf)…
Previously… we discussed the Consumer Protection Act, considered the definitions of “transaction” and “consideration”, and acknowledged, broadly speaking, the types of transactions that do not fall under the CPA umbrella. We also recognised that the CPA does, indeed, affect lease agreements. But… not ALL lease agreements. In this installment, we delve a little deeper, separating…
When it comes to discussing the effect of the CPA on lease agreements, there are, broadly-speaking, three types of people: Camp 1: Those who know exactly what I’m talking about, could probably write a thesis on the subject, and will in all likelihood stop reading at this very point. (But before you do, I just…
With Easter having come and gone, the world’s most beloved rabbit has since hopped off to find a warm and comfortable spot to settle down for Winter. Unfortunately for the rest of us, our tasks aren’t confined to a single day in the year. Whilst digging deeper into the duvet may be the preferred choice…