Flexibility carries a heavy price
Mellor, A.
Flexibility carries a heavy price - 2002 - Estates Gazette (0234) 24 August 2002, 80-81(2) .
Discussion about commercial leases and the changing legal environment. Considers that there is a demand for greater lease flexibility but any attempt by the government to regulate this such as the banning of upward only rent reviews by introducing legislation has only ever produced voluntary codes. Looks at other legislation such as the Landlord and Tenant Act 1954 and the pressure on the government to update it. Concludes by arguing that the changing legal environment will put pressure on the market to provide for shorter and more flexible lease terms but questions whether tenants will be prepared to pay for it.
COMMERCIAL LEASES
PROPERTY COSTS
UPWARD ONLY RENT REVIEWS
LANDLORD AND TENANT ACT 1954
LAND REGISTRATION ACT 2002
Flexibility carries a heavy price - 2002 - Estates Gazette (0234) 24 August 2002, 80-81(2) .
Discussion about commercial leases and the changing legal environment. Considers that there is a demand for greater lease flexibility but any attempt by the government to regulate this such as the banning of upward only rent reviews by introducing legislation has only ever produced voluntary codes. Looks at other legislation such as the Landlord and Tenant Act 1954 and the pressure on the government to update it. Concludes by arguing that the changing legal environment will put pressure on the market to provide for shorter and more flexible lease terms but questions whether tenants will be prepared to pay for it.
COMMERCIAL LEASES
PROPERTY COSTS
UPWARD ONLY RENT REVIEWS
LANDLORD AND TENANT ACT 1954
LAND REGISTRATION ACT 2002