(Solved by Humans)-Frank wants to open a restaurant in Gray's shopping centre and
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- Frank wants to open a restaurant in Gray?s shopping centre and enters into a lease agreement with Gray on 1 January. The monthly rental is $2000 and the lease is to extend until the 31 December. The restaurant is very popular and Frank makes a monthly net profit of $25 000. On 30 June Gary sells the shopping centre to Harriet. Harriet then gives Frank a notice that his lease has lapsed as a result of the centre having been sold.Discuss the legal position of the parties.
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This question was answered on: 10 May, 2025
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