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Complaints prompt a binding covenant

By: Series: Estates Gazette ; (0238) 21 September 2002, 196-197(2)Publication details: 2002Subject(s): Summary: The second in a four part series on the new voluntary code of practice for commercial leases focuses on occupiers. Many occupiers have complained about being bound by long-term inflexible leases that favour the landlord. Argues that the code should improve this situation by encouraging landlords to give occupiers more flexibility. Also discusses how this flexibility will affect values and herald a change for traditional valuation techniques. Code available at www.commercialleasecodeew.co.uk

The second in a four part series on the new voluntary code of practice for commercial leases focuses on occupiers. Many occupiers have complained about being bound by long-term inflexible leases that favour the landlord. Argues that the code should improve this situation by encouraging landlords to give occupiers more flexibility. Also discusses how this flexibility will affect values and herald a change for traditional valuation techniques. Code available at www.commercialleasecodeew.co.uk