All articles by Graham White of Slaughter and May
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Professional
Don't take any notice - Tenant
Under the Landlord and Tenant Act 1954, the termination of a tenancy requires both parties to have to play out a carefully timed game of notice and counter-notice in order to preserve their respective rights
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Professional
Tenant - Flexible friends
A business operating from leasehold property can be put at risk when the lease expires, if the landlord chooses not to renew the lease or demands exorbitant terms for the renewal. The tenant's dependency on the premises and the additional cost of relocation give the landlord a strong hand when ...
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Professional
The art of lease variation - Tenant
Tenant Varying a lease should not be particularly difficult for a tenant – but only if they avoid the potential pitfalls.
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Professional
The lease has ended; the litigation has just begun - Tenant
Tenant Not only can there be uncertainty over when a lease actually ends, but the tenant can face heavy penalties if it fails to leave the premises on time
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Professional
Reaching the milestone of practical completion - Tenant
For the tenant, practical completion is the most important date. Beyond that date it loses its major bargaining counter in the pre-letting agreement
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Professional
Assignment, disputes and early access - Tenant
Tenant A tenant should aim for flexibility on assignment of the agreement A tenant should not be bound by dispute resolution under the building contract
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Professional
Leases: obligations, timing, variations
Tenant If problems arise, a tenant should be able to go against the landlord as a single target A tenant must make sure it is kept aware of any delays in the completion of the building
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Professional
Tenant
Tenants entering into a new lease should investigate the steps the landlord has taken to make sure the building is year 2000 compliant Tenants in multi-let buildings may argue that such works represent improvements, as their costs cannot be included in the ...
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Professional
Handling the hazard of land contamination - Tenant
Tenant The contaminated land regime under the Environmental Protection Act 1990, to be brought into force in July 1999, will have sinister consequences for tenants Tenants must beware of widely-drawn indemnity clauses obliging the tenant to compensate the landlord for expenses arising from ...
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Professional
Crystal clear clauses benefit all parties - Tenant
Tenant Any bid by a special purchaser, which might inflate the market rent, should be excluded Tenants should ensure that their improvements are not valued on rent review
