WA Signing retail lease when bankrupt

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PA25

Active Member
31 May 2016
7
1
34
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?
 

Lance

Well-Known Member
31 October 2015
852
123
2,394
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.