Scenario:

-Marissa makes an offer to purchase 71 industrial parkway for $725,000

-A $10,000 deposit is to be paid within 3 days of acceptance of the offer. The deposit will be placed in the Glenvista Trust account.

-The offer is NOT subject to finance with a 45 day settlement

-Remember that Sue is the licensee of Glenvista Realty

-Full GST (in addition to the purchase price) will be applicable

-Have Marissa sigh and date the contract in all required fields.

Question:

1) List the actions required if there was a current lease at 71 Industrial parkway

2) What issues relating to the sale of commercial property could you choose to obtain legal advice on?