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At your leisure

By: Series: Estates Gazette ; (0135) 1 September 2001, 100-101(2)Publication details: 2001Subject(s): Summary: Looks at the differences between standard commercial rent review clauses and those found in leases negotiated for leisure operators. Among the issues discussed are review methods, assumption of readiness for trade, alterations, length of term, licensing and Use Classes. Concludes that the particular requirements of leisure operators can be accommodated within an institutionally acceptable lease. However, these may result in higher rents and a restricted ability to sell on.

Looks at the differences between standard commercial rent review clauses and those found in leases negotiated for leisure operators. Among the issues discussed are review methods, assumption of readiness for trade, alterations, length of term, licensing and Use Classes. Concludes that the particular requirements of leisure operators can be accommodated within an institutionally acceptable lease. However, these may result in higher rents and a restricted ability to sell on.