Tag: commercial lease
Commercial Lease Break Clauses
What is the Break Clause in a Commercial Lease? The break clause in a lease or contract provides a mechanism for one party to terminate or “break” the agreement before its specified end date. It’s essential to note that not all contracts or leases include break clauses, so a thorough review of the lease is... Read more »
Commercial Lease Renewals – Section 26 Landlord and Tenant Act 1954
The landlord-tenant relationship is governed by various laws, and one key piece of legislation in the UK is the Landlord and Tenant Act 1954 (LTA54). Within this Act lies Section 26, this addresses a tenant’s right to request a new tenancy. Service of a Section 26 Notice brings the old tenancy to an end but... Read more »
Landlord’s remedies for breaches of lease in commercial property
Yes, some might have thought that we should soon be approaching the end of the grace period in the current Covid-19 commercial property world. This has now been further extended to 25 March 2022. The new Code of Practice has been published by the Government, encouraging commercial landlords and tenants to support each other and... Read more »
Licence to occupy Vs Lease/Tenancy
A template licence to occupy has recently been published by the British Property Federation for those who require occupying new premises on a short-term basis, amid increase of demands by the NHS and associated organisations to “help fight against COVID-19”. The template is very useful, and it is for general use (not limited to medical-related... Read more »
Almost Brexit-free? – Reminders for Property Owners
It is said that there are no immediate legal implications with the Brexit in respect of the UK land. But there has been a significant impact on the commercial property market due to the volatile financial conditions triggered by the UK’s decision to leave the EU. There may also be changes of some EU-derived legislations... Read more »