Counting the cost of conversions
Edwards, Simon
Counting the cost of conversions - 2007 - Estates Gazette (0743) 27 October 2007, 195(1) .
With many 1970s and 1980s office buildings now obsolete and a growing trend for these to be converted into hotel or residential premises, this article considers how this affects a tenant's liability. The combination of obsolescence and a shift in values has affected the exit costs of former tenants. Looks at the principle of supersession in cases where a landlord confirms the premises will be converted to an alternative use, and explains how tenants can rely on the Landlord and Tenant Act 1927 s18 to have their liability substantially reduced.
LANDLORD AND TENANT ACT 1927 S18
England and Wales--1543-
Counting the cost of conversions - 2007 - Estates Gazette (0743) 27 October 2007, 195(1) .
With many 1970s and 1980s office buildings now obsolete and a growing trend for these to be converted into hotel or residential premises, this article considers how this affects a tenant's liability. The combination of obsolescence and a shift in values has affected the exit costs of former tenants. Looks at the principle of supersession in cases where a landlord confirms the premises will be converted to an alternative use, and explains how tenants can rely on the Landlord and Tenant Act 1927 s18 to have their liability substantially reduced.
LANDLORD AND TENANT ACT 1927 S18
England and Wales--1543-