Landlord’s Insurance
Tenants of commercial premises or flats held on a long lease usually end up reimbursing the landlord’s costs of obtaining buildings insurance. In many cases the lease says that the recovery is limited to costs ‘reasonably incurred’, or words to that effect. The message for landlords is that they should be prepared to justify their…
Rentcharges
Rentcharges are interests in land held by a person who is entitled to enforce the interest if the payment of a periodic sum remains unpaid. The rent is the annual or periodic sum payable under a rentcharge and the rent owner is the person who has the benefit of the rentcharge and is entitled to…
Landlord and Tenant Negotiating Points
When a new commercial lease is being negotiated there a great many things to consider, but the five following issues will inevitably be on the agenda.RentThe landlord will want the highest rent at the earliest opportunity, the tenant may be looking for a rent-free period or a low rent in the first couple of years.Length…