An agreement for lease is an agreement entered into by a property owner or landlord and a tenant, under which the tenant agrees to enter into a lease in respect of the...
In an agreement for lease which provides for construction works to be carried out, an obligation for the landlord to procure collateral warranties (or third party rights)...
This Practice Note looks at how an agreement for lease with development obligations may require the landlord to remedy defects in the works. It also looks at whether...
From a construction lawyer's perspective, whether acting for a developer/landlord or a tenant, one of the key sections of an agreement for lease is that which contains...
Under an agreement for lease which contains development obligations, the tenant’s obligation to take the occupational lease only arises once the developer’s works have...
In an agreement for lease which includes construction obligations, the landlord will be contractually obliged to provide the tenant with a certain building (or part...
Delay in completion of the landlord’s works can be of far greater concern to a tenant than whether the works have been built in accordance with the specification or if...
Variations to the agreed drawings and specifications are usually needed on all major construction projects—see Practice Note: What is a variation on a construction...
Insuring the developer’s works As between the developer and the tenant, the developer should covenant: • to ensure that the developer’s works are insured against usual...
In some cases, a developer and a tenant agree that the rent under the occupational lease will be a specified figure. However, in many other cases, the annual rent is...
Plans, specifications, etc In most cases, the tenant will apply its own bespoke fit-out to the developer’s finish condition in which the premises is delivered at...
This Practice Note: • discusses the development of the large scale private rented sector (PRS) • considers the Government’s incentive package for Build to Rent (BTR) in...
On every construction project which requires external funding, the lender will appoint its own team of lawyers to draft and/or negotiate the various documents. Part of...
What is the Code? The Consumer Code for Homebuilders (the Code) came into effect in April 2010. It is an industry-led code of conduct for home builders and was developed...
Procurement structure As shown in the Development procurement structure—chart the relationship between the third parties with an interest in a construction project will...
The facility agreement is the principal document in the suite of documents which is needed for the provision of finance for a development or construction project. It sets...