000			01052cam a2200205 4500
001			WB@3612-564
008			041209n2004 000 0 eng u
035			_a(Sirsi) u128263
245			_aTenants not breaking
260			_c2004
490			_aEstates Gazette _v(0449) 4 December 2004, 43(1)
520			_aThe latest IPD research shows that only a minority of tenants ever exercise the break clause in their lease. The Strutt and Parker "IPD lease events review 2004", based on analysis of the leases of the IPD databank, revealed that, in 2003, 76% of break clauses, measured by rental value, were not exercised. Of the 24% where a break clause was exercised, half of the units were relet by the end of the year and half were still void. Industrials suffered the highest gross rate of default, of 2% of annual rent passing, double the rate in the office market.
590			_aWB
590			_aWB
650			_aCOMMERCIAL LEASES
650			_aBREAK CLAUSES
650			_aRENTAL MARKET
690			_aLANDLORD AND TENANT _96252
942			_n0
999			_c118428 _d118428