Where a Tenant Enters into a Lease for a Unit

question 19

True/False

Where a tenant enters into a lease for a unit in a commercial plaza under which no one else in the plaza can carry on the same business,the lease contains a restrictive covenant.

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Definitions:

Intangible

Assets that lack physical substance but have value due to their intellectual property or other non-physical qualities, such as patents, trademarks, and goodwill.

Amortisation

The systematic allocation of the depreciable amount of an intangible asset over its useful life.

Impairment

A reduction in the recoverable value of an asset below its carrying amount on the balance sheet, leading to a write-down of its value.

Intangible Assets

Non-physical assets owned by a business that have a useful life, such as patents, trademarks, and copyrights.