When agreeing on a commercial lease it's important you know exactly what you're doing. With these top 5 tips, you'll be better prepared to take on a new lease. Term How long do you want the lease to be? Most leases offered on the market...
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Background Unless the Landlord and Tenant agree that the Landlord and Tenant Act 1954 won’t apply to a new lease, a Tenant has a statutory right to renew its lease at the end of the term. If it is agreed that the 1954 Act won’t apply to a...
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Developers- do you still charge ground rents in your residential leases? As part of the Government’s planned legislative programme for 2021/22, the Leasehold Reform (Ground Rent) Bill was introduced last month into the House of...
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Earlier this year, we wrote a blog detailing the temporary moratorium on evictions introduced by section 82 of the Coronavirus Act 2020 in our blog Government moves to provide commercial tenants with further protection. This month, it was...
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Our article “Commercial Business Lease Rent Payment, Enforcement and COVID-19”, published earlier this month, considers the protection afforded to commercial tenants by the temporary moratorium on evictions introduced by section 82 of the...
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If you are a Tenant, and you have come to the difficult conclusion that it is no longer viable to continue your Lease (even if you can renegotiate the rental payments), then you may want to consider what “exit” options you have. We have set...
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The potential effects of the Coronavirus (COVID-19) pandemic both direct and indirect on businesses and private individuals are numerous; with the impact ranging from mere inconveniences to long-lasting and disastrous. At Bennett Griffin LLP we...
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As the famous idiom goes “better the devil you know” – we have considered various ways in which the COVID-19 pandemic could impact a commercial property transaction. Prior to exchange of contracts, parties may experience the following...
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Leases commonly include an obligation on the Landlord (or the Tenant, if the whole of a property is leased) to insure against named “Insured Risks” connected to damage and destruction of the Property which in turn can trigger: Rent...
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It is not surprising, that many Tenants will be reaching out to their Landlords for a good faith arrangement whereby rent is either temporarily reduced or suspended to tide them over during this uncertain time. A Landlord is not obliged to accept...
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