Straining at the lease
Pollards, A
Straining at the lease - 2001 - Property Week 66(45) 9 November 2001, 40(1) .
Government has proposed reforms to the Landlord and Tenant Act 1954 to increase flexibility which include the concession that parties to a lease would not require a court order to contract out of security of tenure. Article looks at other ways that flexibility can be achieved such as applying an appropriate basis of occupation at the start or the insertion of break rights. Also considers the benefits of turnover rents in a shopping centre environment and the need to review upwards-only rent reviews.
COMMERCIAL LEASES
LANDLORD AND TENANT ACT 1954
FLEXIBILITY
SECURITY OF TENURE
BREAK CLAUSES
TURNOVER RENTS
UPWARD ONLY RENT REVIEWS
Straining at the lease - 2001 - Property Week 66(45) 9 November 2001, 40(1) .
Government has proposed reforms to the Landlord and Tenant Act 1954 to increase flexibility which include the concession that parties to a lease would not require a court order to contract out of security of tenure. Article looks at other ways that flexibility can be achieved such as applying an appropriate basis of occupation at the start or the insertion of break rights. Also considers the benefits of turnover rents in a shopping centre environment and the need to review upwards-only rent reviews.
COMMERCIAL LEASES
LANDLORD AND TENANT ACT 1954
FLEXIBILITY
SECURITY OF TENURE
BREAK CLAUSES
TURNOVER RENTS
UPWARD ONLY RENT REVIEWS