000 01397cab a2200181 4500
001 ##L132913
008 060322n2006 000 0 eng u
035 _a(Sirsi) u132913
041 0 _aeng
100 1 _aKing, Vivien
245 0 0 _aProperty leases
_ba flexible friend
260 _c2006
490 0 _aRICS Building Surveying Faculty
_bThe Journal
_vJanuary / February 2006, 4(1)
520 _aFlexible leases are currently reported as being an attractive option for occupiers. Instead of a lengthy lease with 60 pages of covenants to read, this option could provide them with a simple five or six page agreement for a variable period, without stressing about rent reviews, break clauses, repairing covenants and calculating service charges. But does this make the building surveyors' job redundant? No, because even if the traditional lease is gradually overtaken by short, flexible leases there will be confusion and arguments over the meaning and effect of familiar covenants that will keep them busy. There is also the question of risk: while the burden of property risk is lower, the business risk remains, and as a consequence, tenants will continue to seek assurances from good surveyors.
590 _aIKA280603
690 _aPROPERTY-RESIDENTIAL PROPERTY-LEASEHOLD RESIDENTIAL PROPERTY-RESIDENTIAL LANDLORD AND TENANT-RESIDENTIAL LEASES-VARIATION OF RESIDENTIAL LEASES
942 _n0
999 _c76690
_d76690