Property management

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Property management guidance:

When LTA 1954 applies on surrender—agreements to surrender Under section 24 of the Landlord and Tenant Act 1954 (LTA 1954), if a lease is not contracted out of LTA 1954,...

Practice Note

The Royal Institution of Chartered Surveyors (RICS) Professional Statement on Service Charges in Commercial Property, 1st edition (the Service Charge Statement) (1st...

Practice Note

Accepting a surrender can be the quickest way for a landlord to regain possession of the premises from an insolvent tenant. It circumvents the extra requirements before...

Practice Note

Is the landlord’s consent required to the assignment? Check the terms of the lease (including any deeds of variation or supplemental documents). If the lease is...

Practice Note

Date [insert date of agreement in its full format Day-Month-Year] Parties 1 [insert name of Landlord] [of OR whose registered office is at] [insert address] [incorporated...

Precedents

Date [insert date of agreement in its full format Day-Month-Year] Parties 1 [insert name of Landlord] [of OR whose registered office is at] [insert address] [incorporated...

Precedents

Date [insert date of agreement in its full format Day-Month-Year] Parties 1 [insert name of Landlord] [of OR whose registered office is at] [insert address] [incorporated...

Precedents

This clause may be inserted into the Lexis®PSL precedent: Agreement for surrender. EPC an Energy Performance Certificate and Recommendation Report (as defined in the EPC...

Precedents

Agricultural Holdings Act 1986 Under the Agricultural Holdings Act 1986 (AHA 1986), either the landlord or the tenant may ‘demand’ that the ‘rent properly payable’ in...

Practice Note

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

In the absence of an express provision in the lease (which is rare), a landlord has an absolute right to refuse consent to alterations outside the demise. Definition 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

Statutory provisions Section 143 of the Law of Property Act 1925 provides that where a licence is granted to a tenant to do any act, the licence, unless otherwise...

Practice Note

[To be printed on headed paper of tenant’s solicitors] Dear [insert organisation name] Lease of [insert description of premises] (the Premises) dated [insert date] and...

Precedents

[To be printed on headed paper of tenant’s solicitors] Dear [insert organisation name] Lease of [insert description of premises] (the Premises) dated [insert date] and...

Precedents

[To be printed on the headed paper of the tenant’s solicitors] Dear [insert name of landlord] Lease of [insert description of premises] (the Premises) dated [insert date]...

Precedents

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

Introduction Most leases contain an absolute prohibition against assignment of part of the demised premises. This is due to the potential complications in relation to: •...

Practice Note

This Assignment is made [insert date]. Parties 1 [insert name of seller that served schedule of dilapidations] of [insert address] (the Seller), and 2 [insert name of...

Precedents

Date: [insert date] Parties 1 [insert landlord name] [of [insert address] OR incorporated in England and Wales with company registration number [insert landlord company...

Precedents

What is an authorised guarantee agreement (AGA)? Under an AGA, an outgoing tenant guarantees some or all of the obligations of an incoming tenant under a lease. It was...

Practice Note

Background—Landlord and Tenant (Covenants) Act 1995 Landlord and Tenant (Covenants) Act 1995, s 5(2)(a) provides that if: 'a tenant assigns the whole of the premises...

Practice Note

Break conditions must be strictly complied with. If a condition provides that any outstanding rent is paid up, the tenant must make sure that it is paid in full and on...

Practice Note

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

A tenant's right to break is often conditional on compliance with covenants. The extent to which those conditions must be satisfied depends on whether they are absolute...

Practice Note

Where a tenant has protection under Part II of the Landlord and Tenant Act 1954 (LTA 1954), service by the landlord of a contractual notice to exercise a break clause...

Practice Note
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