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1.Abed wants to open a bakery in Ashfield.He finds the perfect site, which is owned by Sebastian. Abed negotiates a 5-year lease, with the option
1.Abed wants to open a bakery in Ashfield.He finds the perfect site, which is owned by Sebastian. Abed negotiates a 5-year lease, with the option to renew for a further ten years. The rent is $500, indexed to CPI, with an option for Sebastian to renegotiate the rent at the end of the initial 5-year term.Abed comes to you for advice.
a.What do you propose?Consider registration, caveats, what covenants Abed might want included in the contract.
australian law
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