Blog Listing
POTENTIAL POWER PROBLEMS
The recent trend to install PV Solar panels on roofs can create problems when leases are involved. In particular, it will be necessary to check whether such an installation might be in breach of a covenant not to carry out alterations or additions, or a prohibition against sub-letting or...
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PROBLEMS WITH EMPTY PROPERTY
Empty properties are a growing concern for Landlords. There are still many empty properties which are now attracting a rates liability. Some Landlords are starting to consider extreme steps to mitigate this liability. Some of the options available to property owners include:-...
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What Are Break Clauses
A break clause is normally understood to mean a clause in a commercial lease allowing either or both parties to the lease to break and end the lease term prematurely. From the Landlord's perspective the break clause is especially useful if it intends to redevelop the site. It...
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Tipping Point For Office Rents?
he recent downturn meant that many local markets were left with an overhang of office space from the last boom, which was offered on soft terms with rent free periods of up to 3 years on a 15 year Lease. That space is now running out and the market is shifting from one that favours...
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Here is a reminder of the main types of security available (and their disadvantages) when a Landlord (L) is negotiating heads of terms for a commercial Lease with the Tenant (T): rent deposit: T may be reluctant to tie up his capital; L may not be automatically entitled to draw on the rent...
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