Commercial leasing insights, without the jargon
Forfeiture and the Section 146 Notice: How a Landlord Ends a Lease for Breach
Forfeiture and the Section 146 Notice: How a Landlord Ends a Lease for Breach
Forfeiture and the section 146 notice are the tools landlords reach for when a tenant seriously breaches the lease: stops paying rent, or breaks an important covenant. Where a tenant defaults on rent and there’s a personal guarantee in place, the landlord may also look to the guarantor. It’s the right to bring the lease […]
Service Charges in Commercial Leases: What Tenants Actually Pay For
When you rent a unit in a building you share with other occupiers (a floor in an office block, a shop in a parade, a unit on an estate), the rent isn’t the whole story. On top of it sits the commercial lease service charge: your contribution to the cost of running and maintaining the […]
Schedule of Condition: Why Your Agent Will Push for One
If you’re taking on a commercial lease and your agent or surveyor starts talking about a schedule of condition, it’s worth listening. It’s one of the least glamorous documents in the whole process and one of the most useful, particularly if you’re a tenant. What Is A Schedule of Condition A schedule of condition is […]