Town of Mosman Park
$1 token lease fee
I manage a suite of Community based leased facilities - all of the leases are based on an annual token fee of $1. This fee has, to date, never been actually invoiced and paid. My question is would I run into any trouble if the lease was ever contested in court and it identified that there was never any financial transaction to bind the agreement. Wondering if something like promissory estoppel would step in to counteract this fact.