Making sure a commercial property is well maintained is one of a landlord’s key priorities, and it is almost as important as getting in the rent. Under a full repairing and insuring lease the tenant is obliged to keep the property in a good state of repair – but what...
Many commercial tenants, particularly in the hospitality and retail sectors, have accrued significant rent arrears during the Covid-19 pandemic. Despite the availability of government grants, many businesses have been simply unable to meet all of their outgoings in...
To correct or not to correct? That was the question for the Court of Appeal in the recent case of MonSolar IQ Ltd v Woden Park Ltd [2021], when faced with an incorrectly drafted rent review provision which could have increased the annual rent from £15,000 to £76...
When a landlord and tenant try to settle the terms for a new commercial lease, each party will have clear objectives. The landlord wants a secure income stream and confidence that the property will be left in good condition at the end of the lease. The tenant wants...
If your business is expanding, you may have outgrown your current premises. Before you start looking for a new site, it is worth investigating whether you could extend your existing property. Depending on the site and the nature of your building, you may be able to...
If you are reviewing your commercial property portfolio, you may decide that the time is right to sell some of your property. It goes without saying that you will want to get the best possible value from the sale. Prices are strongly affected by the local property...
