by aziz | Jan 9, 2023 | Commercial Lease
A green lease is a type of lease that contains provisions designed to promote the energy efficiency and sustainability of a building. These provisions can cover a wide range of issues, including energy performance, water and waste management, and other net zero...
by aziz | Dec 21, 2022 | Commercial Lease
Rent review clauses are included in leases to allow landlords to periodically review the rent being paid by tenants. These clauses are designed to ensure that the rent being paid is in line with current market rates and to protect the financial interests of the...
by aziz | Dec 19, 2022 | Commercial Lease
It can be tempting to go ahead a sign a lease as soon as you have found what you believe to be the perfect property for your business. However, it is important that you take a step back and do the necessary due diligence before signing. Just as you will have paid...
by aziz | Dec 7, 2022 | Commercial Lease
A lease is an interest in land and therefore Stamp Duty Land Tax (SDLT) is payable. For all leases of seven years or more (with a chargeable consideration over £40,000 or, rent over £1,000), SDLT must be paid, and it is the responsibility of the tenant to make...
by aziz | Nov 28, 2022 | Commercial Lease
If you, as the tenant, need to get out of a commercial lease, what are the options available to you? Expiration of the term Provided that the Landlord and Tenant Act (the Act) has been contracted out of when the lease was created, your lease will come to an end when...
by aziz | Nov 21, 2022 | Commercial Lease
A forfeiture clause provides a landlord with the right to re-enter the property if rent has not been paid a certain number of days after it is due. For commercial leases, the introduction of S.82(1) of the Coronavirus Act 2020 (‘CVA 2020’) meant landlords could not...
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