Needed help with centre management

Lmunchymono on 17/07/2015 - 12:12

hi amazing people, i wish to gather some ideas here on how to deal with centre management

long story short.

i owned a cafe in a popular shopping centre, found a buyer, buyer went to interview with a even better financial position than i am in.

when i took over the shop, i was required to pay 4 months bond on a bank guarantee. this time, they were asking for 15months bond from the buyer.

my question is, is it even possible for them to ask for this much, is it even legal?

i look through vsbc website, norm for bond is only 2 months on the average, 15 months seems to be crazy.

seeking understanding

Comments

pointless martyr on 17/07/2015 - 12:56

+8

Firstly, did your cafe clearly display prices to potential customers?
toniyellow on 17/07/2015 - 13:32

http://www.austlii.edu.au/au/legis/vic/consol_act/rla2003135… will tell you if it is legal.
munchymono on 17/07/2015 - 16:30

thanks guys. i just wish to understand bit more before seeking legal help. at this point of time. it seems to be in a limbo :(
BewareOfThe Dog on 17/07/2015 - 19:43

Some landlords/Centre Managements are ….
Words that I would use to describe them will have my post flagged & banned.
GPT, Stockland, Westfield etc