• Does The Final Lease Issued On Completion Superrsede The Agreement For Lease And All Its Terms And Conditions.incl. Buy Back Option And Rental Guarantee.

    By Guest on 13th Nov 2015

    We have purchased a hotel room with a Management Agreement giving us 10% return for 10 years. All the terms of the purchase were in a document called "Agreement for Lease" with the back page "The Schedule" giving the basic terms of the cost of the room etc. and referring to Management Agreement for the 10 year guarantee of 10% per annum to be paid by a Management Company assigned by the Developer. This was the page that we were requested to sign as well as the Seller. We need to know that by signing "The Schedule" would all the terms of the whole 9 pages of the Agreement for Lease be covered by the signatures and would it stand side by side with the 999 year lease which was issued on completion or would it be superseded by the main Lease? We should say that none of the terms of the "Agreement for Lease" were entered into the main Lease.

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