7 17 QUESTION 3 JB Property Development Pty (Ltd) is a market leader in the property leasing business in Botswana. At the beginning of 2015 the company entered into a 5-year lease agreement with Mr. Jao, a Chinese investor who is new to Botswana. The beginning of the agreement was executed perfectly by both parties. In the 8th month Mr. Jao failed to pay rent as per the agreement but eventually paid the full amount plus interest in the following month, as per the lease agreement, but was complaining that his business was not going well owing to a huge tax bill owing to BURS. Sensing a potential and repeated breach from Mr. Jao, the company representative, Engineer Peter Jones moved to remove Mr. Jao from the premises without notice and with immediate effect before the following month begins citing tax and financial mess Mr. Jao and his business were in. All this happened within the first year of a 5-year lease agreement. Required: State who the: Lessor is in this agreement Lessee is in this agreement (1 mark) (1 mark) b. Did JB Property development Ply (Ltd) terminate the lease agreement correctly? Discuss. (15 marks) C. I Mr. Jao feels that he was not treated fairly and that he was disturbed to enjoy his occupation by JB Property Development Company, what are his remedies? (8 marks)