Question
Your client Templar Holdings Pty Ltd has instructed you to me to prepare contract for the sale of its private hospital business known as St
Your client Templar Holdings Pty Ltd has instructed you to me to prepare contract for the sale of its private hospital business known as "St Andrew's Private Hospital". The contract used is the standard Contract for the Sale of Business - 2015 Edition ['contract']. Assume that no amendments have been made to that contract, and no special conditions have been added. The sale is to be subject to the transfer of the current lease for the hospital building in which the business is being conducted. The general manager of the company asks your advice on a number of issues in Question 1, Question 2 and Question 3. Certain variations to the lease have been agreed between the purchaser and the landlord at the time of the transfer of the lease. Is the vendor or purchaser responsible under the contract to pay for costs related to these variations made to the current lease? Which of the following answers best describes the response you should provide? Select one answer only.
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