Write a letter of advice to Sarah in the space below. Your letter of advice must provide a summary of your meeting and a confirmation of the documents required to proceed?

• Met with Sarah to discuss her purchase of the commercial property at 456 Market Street
• Confirmed that the Contract of Sale and Section 32 Vendor Statement are in order
• Sarah informed me that she intends to lease out the retail spaces and use the office spaces for her own business operations
• Advised Sarah to conduct due diligence on the property, including checking zoning laws and building permits
• Informed Sarah that she will need to obtain a commercial lease agreement for the retail spaces and a separate agreement for her office spaces
• Discussed the importance of engaging a property management company to handle the rental process for the retail spaces
• Advised Sarah to obtain advice from an accountant regarding tax implications and to ensure that she is in compliance with the Goods and Services Tax (GST)
• Explained the significance of registering the transfer of ownership with the relevant government authorities
• Discussed the importance of obtaining building and liability insurance for the property
• Informed Sarah that I will draft the necessary documents and provide her with a letter of advice outlining the legal and non-legal risks and issues associated with the purchase

Action required: Draft necessary documents and provide letter of advice to Sarah. ?

Answer rating: 100% (QA)

Dear Sarah It was a pleasure meeting with you to discuss your purchase of the commercial property at ... View the full answer