Buying a Business
A Few Things You Should Know
If you are buying a business, these are the matters that you should (at the very least) consider right at the outset of your business purchase so as to avoid creating unnecessary (and potentially costly) issues for yourself in the course of or following your
Retail shop lease costs
Lessee’s liability for costs associated with the retail shop lease
A lessee under a retail shop lease is not liable to pay any amount for the lessor’s legal or other expenses in relation to the following:
preparing, renewing or extending the retail shop lease; obtaining the consent of a mortgagee
Retail shop lease outgoings
Meaning of ‘outgoings’
Under the Retail Shop Leases Act 1994 (Qld) (the ‘Act’), a lessor’s outgoings for a retail shopping centre or leased building are:
the lessor’s reasonable expenses directly attributable to the operation, maintenance or repair of the centre or building and areas
What is an Enduring Power of Attorney
In Queensland, an ‘attorney’ is a person who is authorised to make particular decisions and do particular other things for another person,
Making a Will and Enduring Power of Attorney
Will
Making a Will should be on everyone’s to do list.
We have all worked hard to build up and protect our wealth during our lives and we all
