Occupational hazards
Allen, T
Occupational hazards - 2002 - Estates Gazette (0240) 5 October 2002, 167(1) .
Highlights the pitfalls for tenants wishing to underlet their premises. Since the 1990s, landlords have insisted on greater preconditions on subletting such as restrictions on rent levels. Various options are open to tenants that include: applying for consent to a proposed underletting that breaches the rental requirements; applying for consent to underletting in line with the lease, but with a side arrangement ensuring that the undertenant would pay a market rent; underletting without the landlord's consent. Highlights the pros and cons of each approach but concludes that none is entirely satisfactory.
HOMEBASE LTD AND ANOTHER V ALLIED DUNBAR ASSURANCE PLC
RENT
SUBLETTING
UNDERLETTING
TENANTS
SIDE AGREEMENTS
Occupational hazards - 2002 - Estates Gazette (0240) 5 October 2002, 167(1) .
Highlights the pitfalls for tenants wishing to underlet their premises. Since the 1990s, landlords have insisted on greater preconditions on subletting such as restrictions on rent levels. Various options are open to tenants that include: applying for consent to a proposed underletting that breaches the rental requirements; applying for consent to underletting in line with the lease, but with a side arrangement ensuring that the undertenant would pay a market rent; underletting without the landlord's consent. Highlights the pros and cons of each approach but concludes that none is entirely satisfactory.
HOMEBASE LTD AND ANOTHER V ALLIED DUNBAR ASSURANCE PLC
RENT
SUBLETTING
UNDERLETTING
TENANTS
SIDE AGREEMENTS