Q&As

A reversionary lease has been granted with the term commencement date being in December 2018. Can an underlease be granted out of that reversionary lease before the term commencement date for the reversionary lease has started?

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Produced in partnership with Georgia Whiting of 4 King’s Bench Walk
Published on LexisPSL on 24/08/2018

The following Property Q&A produced in partnership with Georgia Whiting of 4 King’s Bench Walk provides comprehensive and up to date legal information covering:

  • A reversionary lease has been granted with the term commencement date being in December 2018. Can an underlease be granted out of that reversionary lease before the term commencement date for the reversionary lease has started?

The reversionary lease in this instance is used to describe a lease in which the right to possession is essentially postponed to a later date. The term can also be used in the context of a lease which is to take effect upon the expiry of an existing lease, which actually accords with the technical definition of the phrase.

The term should not be confused with a lease of the reversion, also often termed as an overriding or concurrent lease. In this context, the reversion is the landlord’s interest in a property, subject

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