Commercial Real Estate

15 December 2017

Renewing a commercial lease under the Landlord and Tenant Act 1954 – Don’t forget to re(in)state the position

A business tenant who satisfies the criteria in section 23 of the Landlord and Tenant Act 1954 (LTA 1954) will have a statutory right to a new lease at the end of their current contractual term.  When drafting or negotiating a renewal lease, it is tempting to assume that many of the terms under the original form of lease will continue to be fit for purpose. However, failing to reflect the changing commercial relationship between the parties can cause serious practical and financial issues later on.

Francesca Gibbs

14 November 2017

Is it RIP for the RPI?

Earlier this year, the Office for National Statistics published a statement saying that the Retail Price Index (RPI) "is a flawed measure of inflation with serious shortcomings and we do not recommend its use.”

Angela Must

28 September 2017

Lights, Camera, Legal Action - Are Verbally Agreed Heads of Terms of a Filming Location Agreement Binding?

Parties in commercial property transactions tend to agree heads of terms in writing and then leave it to their lawyers to polish the wording of the lease before the tenant goes into occupation. 

Tanya Langridge

4 August 2015

Office fit-outs: Are you aware of the insurance risks?

When a tenant wishes to carry out works to premises which form part of a larger property, it is very often that the insurance arrangements in the relevant documents (agreement for lease or licence to alter for example) do not take into account the practical realities of what and who needs to be insured. 

Brandusa Tataru-Marinescu

4 June 2015

Deregulation Act relaxes restrictions on short-term lets in London

Since coming into force on 26 March, the Deregulation Act (the “Act”) has introduced several changes designed to free businesses from the burdens caused by regulations and existing laws.

Last week, on 26 May, further provisions of the Act came into force, including sections 44 and 45 which relax planning permission in London on short-term lets.
 

Mark Fallmann

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