HI all,

Need help with this question..not sure what the name of the document is called?

Q5. Detail the security instrument to be used for this transaction and what impact this may have on the business.

Student response to Task 4b: Question 5

The security instrument used in this transaction would be a directors guarantee whereby the directors are guaranteeing the property/property debt. The impact on the business is that they will have an ongoing commitment to servicing the loan e.g if their business closes down and the rent the premises and the tenant is unable to pay rent the business will still be liable.

Feedback says: Q5) What is the name of the document used to capture security over the real estate being purchased.

Please help.