351 Nature of depreciation charges in leases of business premises

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LANDLORD AND TENANT (BUSINESS TENANCIES) vol 22(1) commentary, checklist

351 Nature of depreciation charges in leases of business premises

Copyright © 2025 LexisNexis

| Commentary

A depreciation charge is a measure of the wearing out, consumption or other reduction in the life of an asset, for example

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(6) LEASES AND LEASE OBLIGATIONS

352 Reserve and sinking funds: best practice in relation to leases of business premises

353 Depreciation charges: best practice in relation to leases of business premises

354 Drafting a provision for re-entry in a business lease

355 Waiver of forfeiture of business leases

356 Protection against waiver of business leases

357.1 Notice of breach

357.2 Relief against forfeiture of business leases for breach of covenant

358.1 The right to forfeit

358.2 Relief in the event of peaceable re-entry

358.3 Relief where proceedings are commenced in the High Court

358.4 Relief where proceedings take place in the county court

359 Application for relief from forfeiture of business leases by subtenant or mortgagee

360 Forfeiture of business leases and bankruptcy or liquidation of tenant

361.1 Options

361.2 Pre-emptions

362 Business leases and option to purchase the landlord’s reversion

363 Option to renew business lease

364 Rights of pre-emption and business leases

365 Registration of options and rights of pre-emption in relation to business leases

366 Option to determine business lease (‘break clause’)