HI All,
I have a 20 year commercial lease on a small commercial cafe tenancy and the owner has been approached to sell the building to a massive corporation. The landlord then locked me out of my building illegally so that they would not need to pay me out or to reimburse me for my fit out. We have been to vcat and have won all the matters that we bought up and we have successfully re-entered the building.
The landlord's legal team tried to offer us a deal before the hearing.
MY questions to you dear participants are as follows;
1, Should we settle with the landlord prior to the sale of the property valued at around 12 mil or should we wait until the developers buy the property and then negotiate with them?
2. How does one go about valuing a twenty year lease?
I have a 20 year commercial lease on a small commercial cafe tenancy and the owner has been approached to sell the building to a massive corporation. The landlord then locked me out of my building illegally so that they would not need to pay me out or to reimburse me for my fit out. We have been to vcat and have won all the matters that we bought up and we have successfully re-entered the building.
The landlord's legal team tried to offer us a deal before the hearing.
MY questions to you dear participants are as follows;
1, Should we settle with the landlord prior to the sale of the property valued at around 12 mil or should we wait until the developers buy the property and then negotiate with them?
2. How does one go about valuing a twenty year lease?
