When the Gallic opt to break
Fourmont, Charlotte
When the Gallic opt to break - 2005 - Estates Gazette (0516) 23 April 2005, 142(1) .
Discusses a study by IPD into the lengths of French commercial leases. By law the minimum lease in France is nine years with three-yearly tenant break options. Relatively few tenants exercise their break option and if they do, they lose the right to renew. Industrial and retail tenants remain in their premises longer than office tenants with some variation according to location. Concludes that offices are the most volatile of the three main commercial property uses.
When the Gallic opt to break - 2005 - Estates Gazette (0516) 23 April 2005, 142(1) .
Discusses a study by IPD into the lengths of French commercial leases. By law the minimum lease in France is nine years with three-yearly tenant break options. Relatively few tenants exercise their break option and if they do, they lose the right to renew. Industrial and retail tenants remain in their premises longer than office tenants with some variation according to location. Concludes that offices are the most volatile of the three main commercial property uses.