The following Property Q&A Produced in partnership with Chris Bryden of 4 King’s Bench Walk provides comprehensive and up to date legal information covering:
It is frequently the case that commercial leases will prohibit the tenant from making alterations or improvements to the demised premises without the consent of the landlord. Further, it is ordinarily the case that tenants are obliged to return the premises at the end of the term in the same state as they took them. Therefore, where consent to alterations is granted, reinstatement will usually be a pre-condition.
The Landlord and Tenant Act 1927 (LTA 1927) contains various provisions relating to improvements. LTA 1927, ss 1–3 give the right to a tenant w
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This Practice Note considers the different categories of contractual damages that may be available for financial loss (pecuniary loss), ie expectation-based damages, reliance-based damages and gains-based damages.For guidance on contractual damages generally, see Practice Note: Contractual
This Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in syndicated loans in leveraged financings. TLBs are an established feature in the US market and increasingly used in the European lending market for institutional investors.This
Millett LJ subdivided types of constructive trust into two categories, distinguishing between:•the constructive trust proper, where equity intervenes to prevent the legal owner from unconscionably denying the beneficial interest of another (known as the institutional constructive trust)•the
This Practice Note is an archive of news from the Loan Market Association (LMA) on LMA documentation and related topics. It covers LMA updates from early 2013 to January 2016. For the latest LMA developments since January 2016, see Practice Note: Loan Market Association (LMA)—latest news on
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