Question
ASSIGNMENTQUESTION SEMESTR1,2020:CONTRACTLAW(ESSENTIAL ELEMENTS) QUESTION [30 marks] Shrestha'saunt,Mrs Moneypenny,ownedmanypropertiesin HarrisPark(Sydney).She agreedto leaseoneofhershopsto Shresthaathalfthe rentalshewouldnormallycharge. Shresthainspectedthepremisesandtoldherauntthat she would liketo makesome alterations to the layout so as to
ASSIGNMENTQUESTION SEMESTR1,2020:CONTRACTLAW(ESSENTIAL
ELEMENTS)
QUESTION [30 marks]
Shrestha'saunt,Mrs Moneypenny,ownedmanypropertiesin HarrisPark(Sydney).She
agreedto leaseoneofhershopsto Shresthaathalfthe rentalshewouldnormallycharge.
Shresthainspectedthepremisesandtoldherauntthat she would liketo makesome
alterations to the layout so as to give the clothing shop'a smartdekko'appearance.
Shresthatoldherauntthat she wantedto starton the renovationsimmediatelyandwould
speaktothe localCouncilin Parramattato getthe necessarypermits.Shresthaalsoagreed
that she would pay for these alterations which, after quotes had been given, were calculated at
$65,000.Shresthatoldheraunthowever,thatshe did not wantto starton therenovation
project unless her aunt was certain that the property was for rent at the amount agreed.
Mrs Moneypennysaidshewould let Shresthaknow inthe nextfewdaysif she changedher
mindaboutrentingthe building.Shrestha alsosaidthat the openingoftheshop on the date
agreed to in the proposed lease would help her to market her clothing designs from which she
expectedto receiveahealthyfinancialreturn.Itwasestimatedthat the renovationsto the
shop would takesixmonths,bywhichtimeShresthawould havedesignedandcreated
clothes in time for the new fashion season.
A weekafterShresthaspokewith heraunt,shestartedon the renovationproject,having
heard nothing from her aunt. After several weeks after the renovation work began,Shrestha
noticedherauntpeepingintothe window ofthebuildingin whichtherenovationswerein
progress.
Beforethe leaseto rentthe buildingwassignedandjustasthe renovationworkwasalmost
complete,Mrs MoneypennyadvisedShresthathatshe, asthe potential landlord,no longer
wishedtocontinuewith the arrangementbecauseshe received ahigher rentaloffer fromMr
Rich.Shresthawasverydisappointedandwishedthat she hadasignedlease.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started