A lease for Europe
Romney, C.
A lease for Europe - 2002 - Property Week 67(11) 22 March 2002, 37-38(2) .
Argues that many differences still exist between landlord and tenant systems of European countries, and illustrates how these complicate lease arrangements between European partners. Takes the example of a German retail tenant looking to expand into the UK market and identifies five problem areas to negotiate: incompatible legal systems; the UK requirement to repair the structure of its leasehold premises;upward only rent reviews; the optimal length of lease term; and alienation. In each scenario, compares the UK and German systems with those of Poland and other European countries. Concludes that successful cross-border transactions need a clear understanding of the respective legal systems of the parties.
EUROPE
GERMANY
POLAND
COMMERCIAL LEASES
LEGAL SYSTEMS
STRUCTURAL REPAIRS
UPWARD ONLY RENT REVIEWS
LEASE TERM
A lease for Europe - 2002 - Property Week 67(11) 22 March 2002, 37-38(2) .
Argues that many differences still exist between landlord and tenant systems of European countries, and illustrates how these complicate lease arrangements between European partners. Takes the example of a German retail tenant looking to expand into the UK market and identifies five problem areas to negotiate: incompatible legal systems; the UK requirement to repair the structure of its leasehold premises;upward only rent reviews; the optimal length of lease term; and alienation. In each scenario, compares the UK and German systems with those of Poland and other European countries. Concludes that successful cross-border transactions need a clear understanding of the respective legal systems of the parties.
EUROPE
GERMANY
POLAND
COMMERCIAL LEASES
LEGAL SYSTEMS
STRUCTURAL REPAIRS
UPWARD ONLY RENT REVIEWS
LEASE TERM