Lease variations

Lease variations guidance:

Why grant an additional lease? If a tenant wishes to take additional space in the same building or development, the parties may be tempted to vary the lease to include...

Practice Note

Application by party to lease for variation Any party to a long lease of a flat can make an application either to the First-tier Tribunal (Property Chamber) (FTT), where...

Practice Note

The implied or deemed surrender and re-grant of a lease arises where an agreed variation of the terms of the original lease is so fundamental that the law regards it as...

Practice Note

An underlease that is granted for as long, or longer, than the original lease operates as an assignment and not as an underlease. Consequently, an underlease must be for...

Practice Note

Losing guarantee covenants At any point in the economic cycle landlords will want to protect themselves against tenant default, particularly in the case of potentially...

Practice Note