Room for change
Sowter, K
Room for change - 2001 - Solicitors' Journal 145(38) 12 October 2001, 940(1) .
Considers the effect of restrictive alienation clauses at rent review and illustrates how market conditions determine the nature of alienation provisions. Uses a working example to demonstrate how poor market conditions force landlords to allow flexible alienation provisions such as letting floor by floor and wing by wing, but when the market recovers landlords can insist on stricter alienation provisions. Provides a similar scenario with a building layout not capable of physical division.
PROPERTY-COMMERCIAL PROPERTY-COMMERCIAL PROPERTY MARKET
ALIENATION PROVISIONS
RENT REVIEWS
FLEXIBILITY
COMMERCIAL LEASES
Room for change - 2001 - Solicitors' Journal 145(38) 12 October 2001, 940(1) .
Considers the effect of restrictive alienation clauses at rent review and illustrates how market conditions determine the nature of alienation provisions. Uses a working example to demonstrate how poor market conditions force landlords to allow flexible alienation provisions such as letting floor by floor and wing by wing, but when the market recovers landlords can insist on stricter alienation provisions. Provides a similar scenario with a building layout not capable of physical division.
PROPERTY-COMMERCIAL PROPERTY-COMMERCIAL PROPERTY MARKET
ALIENATION PROVISIONS
RENT REVIEWS
FLEXIBILITY
COMMERCIAL LEASES