Unregistered Leases

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    Unregistered Leases

    Hello, It is my first time on this site however no doubt I will be using frequently now. I have been to see a Commercial Site that I am interested in purchasing made up of 5 units rented to 3 companies. Two of the companies renewed their leases last year for another 5 years, one is leaving in a year, however I am advised the new leases have not been registered. This investment is for my long term future so more important for me to obtain the site if possible , one of the tenants so I gather has issues with regard rental payments so unsure at present if he wants to defer, or just give up the lease and vacate . Although I am not really concerned if he was to vacate, I am unsure if I have to be concerned the leases have been registered or not. Any advice here would be greatly appreciated

    #2
    With some exceptions,.only leases granted for a term exceeding 7 years need to be registered.

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      #3
      Many thanks for your input

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