Course Detail(LS030 : Understanding Leases & Tenancy Agreements from the Legal Perspective)

LS030 : Understanding Leases & Tenancy Agreements from the Legal Perspective

7.00 CPE Hours (Others)
Classroom


Programme Objective
 
This course is intended to help accountants understand the dynamics and potential conflicts involved in lease agreements, to better appreciate what they account for in leasing activities. 
 
Potential legal problems will also be discussed including how to mitigate or avoid them. Actual legal disputes will be studied and the lessons to be learnt will be emphasized. This will help accountants become more aware of the dynamics involved in lease arrangements when they account for leasing activities.  
 

Programme Outline

 

  • Formation of contracts and formalities. Legal requirement to register for leases; Duties of landlords and tenants - quiet enjoyment, non-derogation of grants
  • Common clauses and their interpretation - diplomatic clause, payment of rent without deduction, implied warranty of fitness for purpose, repair clauses, viewing rights of landlord
  • Dealing with tenants who have not paid rent - right of re-entry, order for possession, various heads of claim, double rent.
  • Option to renew - interest of landlord and tenant, valid and invalid options
  • Alternative dispute resolution for disputes - negotiation, mediation, arbitration
  • Protection against default of rent - lease formation (guarantees, credit checks, etc). Arrears stage (bounced cheque response, promises to settle)
  • Tax aspects of leases - property tax, rental income and deductions, sale of leases (capital or revenue in nature)
  • Tenancy Agreements – examples of the good, the bad and the ugly
  • Practise Exercise - Drafting simple tenancy clauses

  
Training Methodology
 
Lecture style, with a case study for discussion
 
Closing Date for Registration
 
1 week before programme or until full enrolment.
 

Intended For

A foundation to Intermediate level programme intended for preparers and auditors of financial statements, especially those who need to account for leasing activities. Professionals who would like to understand the dynamics and potential conflicts involved in lease agreements, will benefit from this course.

Competency Mapping

Others = 7.00 Hours

Schedule & Fees

Date & Time

19 Jun 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Terence Tan

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

14 Oct 2020 (9:30 AM - 5:30 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Terence Tan

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

03 Oct 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Terence Tan

Date & Time

21 Jun 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Terence Tan

Date & Time

31 Oct 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Terence Tan

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Terence Tan

An Advocate and Solicitor for over 20 years, Terence has provided legal training and education for many professional organizations, overseas universities and MNCs. 


Terence was named in Parliament for his comments on the revamped Bankrupt Act and these comments were expressly mentioned by the Court of Appeal.

Terence was formerly Asst Professor in the Law Faculty, National University of Singapore where he taught Insolvency Law, Company Law and Computer Law.

He is recognized by the Council for Estate Agents (CEA) on a wide variety of issues and topics such as Landlord-Tenant Disputes and Family Property Disputes.

 


Programme Objective
 
This course is intended to help accountants understand the dynamics and potential conflicts involved in lease agreements, to better appreciate what they account for in leasing activities. 
 
Potential legal problems will also be discussed including how to mitigate or avoid them. Actual legal disputes will be studied and the lessons to be learnt will be emphasized. This will help accountants become more aware of the dynamics involved in lease arrangements when they account for leasing activities.  
 

Programme Outline

 

  • Formation of contracts and formalities. Legal requirement to register for leases; Duties of landlords and tenants - quiet enjoyment, non-derogation of grants
  • Common clauses and their interpretation - diplomatic clause, payment of rent without deduction, implied warranty of fitness for purpose, repair clauses, viewing rights of landlord
  • Dealing with tenants who have not paid rent - right of re-entry, order for possession, various heads of claim, double rent.
  • Option to renew - interest of landlord and tenant, valid and invalid options
  • Alternative dispute resolution for disputes - negotiation, mediation, arbitration
  • Protection against default of rent - lease formation (guarantees, credit checks, etc). Arrears stage (bounced cheque response, promises to settle)
  • Tax aspects of leases - property tax, rental income and deductions, sale of leases (capital or revenue in nature)
  • Tenancy Agreements – examples of the good, the bad and the ugly
  • Practise Exercise - Drafting simple tenancy clauses

  
Training Methodology
 
Lecture style, with a case study for discussion
 
Closing Date for Registration
 
1 week before programme or until full enrolment.
 

Intended For

A foundation to Intermediate level programme intended for preparers and auditors of financial statements, especially those who need to account for leasing activities. Professionals who would like to understand the dynamics and potential conflicts involved in lease agreements, will benefit from this course.

Competency Mapping

Others = 7.00 Hours

Programme Facilitator(s)

Terence Tan

An Advocate and Solicitor for over 20 years, Terence has provided legal training and education for many professional organizations, overseas universities and MNCs. 


Terence was named in Parliament for his comments on the revamped Bankrupt Act and these comments were expressly mentioned by the Court of Appeal.

Terence was formerly Asst Professor in the Law Faculty, National University of Singapore where he taught Insolvency Law, Company Law and Computer Law.

He is recognized by the Council for Estate Agents (CEA) on a wide variety of issues and topics such as Landlord-Tenant Disputes and Family Property Disputes.

 


Upcoming Schedule

Date & Time

19 Jun 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Terence Tan

Venue

60 Cecil Street
ISCA House
Singapore 049709