Commercial tenancies

Commercial tenancies guidance:

This Practice Note discusses a tenant’s considerations when negotiating alienation provisions in a rack rent commercial lease that is a new lease for the purposes of...

Practice Note

This Practice Note discusses a tenant’s considerations when negotiating alteration provisions in a rack rent commercial lease that is a new lease for the purposes of...

Practice Note

1 Definitions Arrears the amounts due from the Tenants up to and including Completion but which have not been received by the Seller or its agents as cleared funds before...

Precedents

Break clauses—commercial importance Commercially, the break clause is likely to be a key clause for a tenant to give it flexibility. Failure to comply with the terms of...

Practice Note

Empty properties: rates With effect from 1 April 2008 there is: • 100% relief for a qualifying industrial hereditament for the first six months that they are empty...

Practice Note

1 Definitions Allocated Spaces the [insert number] car parking spaces in the Car Park shown edged [blue] on the Plan or such other suitable car parking spaces as the...

Precedents

1 The Tenant may terminate this Lease [on or at any time after [insert date] OR on [insert date] OR on the expiry of the [insert year] of the Term] on giving not less...

Precedents

Status of the 2020 Code The Code for leasing business premises, RICS professional statement 2020 (the 2020 Code) was launched in February 2020 and is effective from 1...

Practice Note

Landlord’s service charge objectives The landlord’s main concern is to ensure that the costs of maintenance and repair of the landlord's investment are passed on to the...

Practice Note

Payment of the service charge What proportion of service charge costs should the tenant pay? It is usual for a lease not to refer to a specific percentage of service...

Practice Note

Land agreements are not an area that most people would associate with competition law concerns but care is needed to ensure that no such concerns arise. A land agreement...

Practice Note

The current competition regime (Competition Act 1998) prohibits: • anti-competitive agreements (Chapter I) • abuse of a dominant position (Chapter II) Chapter II applies...

Practice Note

The Groceries Market Investigation (Controlled Land) Order 2010 made by the Competition Commission (whose functions were transferred to the Competition and Markets...

Practice Note

There can be only one lease at a time giving a right to possession and occupation of property. Consequently, if a landlord subsequently grants a lease of the same...

Practice Note

Why contract out? The Landlord and Tenant Act 1954 (LTA 1954) gave tenants of business premises security of tenure—in other words, the right to stay on in their premises...

Practice Note

A contractual option to take a lease for a further term is a ‘call’ option. It confers a unilateral right on the tenant to call for a renewal lease (often subject to...

Practice Note

Every lease contains either an express or implied covenant for quiet enjoyment. In the absence of an express covenant, a covenant will be implied. The covenant includes a...

Practice Note

What is a CVA? A company voluntary arrangement (CVA) is an arrangement between a company and its creditors, supervised by an IP (who is known as the supervisor once the...

Practice Note

The rule against derogation from grant applies to the grant of easements and rights granted for a term of years. The principle is that someone who agrees to confer a...

Practice Note

The direct tax treatment of landlords and tenants in relation to the grant of leases is considered in Practice Note: Direct tax treatment of leases—grant of a lease. This...

Practice Note

The legal structures of property interests in the jurisdictions of England and Wales, Scotland and Northern Ireland place leases at the centre of any UK property-related...

Practice Note

This Table provides an overview of the direct tax treatment (ie corporation tax, income tax or capital gains tax treatment) of owning freehold or leasehold commercial...

Practice Note

This Agreement dated [insert date] is made Parties 1 [insert name of agent] [of [insert address] OR incorporated in England and Wales with company registration number...

Precedents

This Practice Note looks at some of the key practical issues for commercial landlords and tenants when dealing with energy performance certificates (EPCs). It is part of...

Practice Note

1 Definitions Gross Internal Area [means the gross internal area of the Property measured in accordance with the latest edition of the Measuring Practice published from...

Precedents

The green lease toolkit issued by the Better Buildings Partnership (BBP) aims to improve sustainability and reduce the environmental footprint of existing commercial...

Practice Note

Coronavirus (COVID-19): From 4 May 2020, HM Land Registry has updated its guidance to confirm that it will, until further notice, accept for the purposes of registration...

Precedents

1 Parties 1.1 Landlord [insert details] 1.2 Tenant [insert details] 1.3 Guarantor(s) [insert details] 2 Rent Deposit £ [insert amount] for [insert number] years 3...

Precedents

1 Parties 1.1 Superior Landlord [insert details] 1.2 Landlord [insert details] 1.3 Tenant [insert details] 1.4 [Guarantor[s] [insert details]] 2 Superior lease 2.1...

Precedents

LR1. Date of the lease[insert the date in its full format DD-Month-Year] LR2. Title Number[s]LR2.1 Landlord's title number[s] [title numbers out of which this lease is...

Precedents
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