WA Signing retail lease when bankrupt

Discussion in 'Australian Consumer Law Forum' started by PA25, 3 June 2017.

  1. PA25

    PA25 Active Member

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    I would like to sign a retail lease for a market stall that is three days a week trade. I can easily afford the rent even if I didn't sell a single thing.
    What are my obligations as a bankrupt to reveal to the lease holder?
    Am I actually allowed to sign a lease?
    Also my trading name uses my first and middle name. Is that enough to be considered trading under my own name?
     
  2. Lance

    Lance Well-Known Member

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    Hi,
    I haven't found anything solid but I did read that a retail lease holder can terminate a lease if the tenant declares bankrupt. Its a bit different and I'm fairly sure you wouldn't be required to for a residential lease. It might be work checking with a Lawyer skilled in tenancy issues.
     
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