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Question 4 Asman decided to rent out his factory and appointed Jayden as his exclusive property agent. A huge Property For Rent banner with
Question 4 Asman decided to rent out his factory and appointed Jayden as his exclusive property agent. A huge "Property For Rent" banner with Jayden's name as the agent, and Jayden's mobile phone number was put up by Asman at the factory entrance. Although it is common for land owners m the Industry to give tenants rent-free periods of up to two months to cany out renovations, Asman told Jayden that he was not prepared to give any rent-free period at all as rentals have been falling. The two parties agreed that upon signing of the lease agreement, Jayden would be paid commission equivalent to one month ' s rent for the property. Jayden printed and distributed flyers as well as placed advertisements in the local newspapers to advertise for tenants. One day, Julie saw the ' 'Property For Rent" banner and she became keen to lease the factory. She called Jayden to anange for a viewing. After seeing the property, Julie offered to lease the factory for two years. As she intended to cany out extensive renovations, she asked for a four-month rent-free period. After thinking it over (and without consulting Asman), Jayden said, "Sure Let's close the deal" and they proceeded to sign the contract.
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