The price of surrender

Article Abstract:

In the renegotiation of UK landlord and tenant leases the party which is calling for the changes is most likely to have the greatest influence over the final agreement. Where both parties equally want to make changes the agreement will be based on the considered valuation. Surveyors should take an average of the positions held by the two parties. They should be aware the landlord and tenant are not likely to have the same valuation. Tenants may wish to extend their lease to make their business more secure. Landlords may want to change rent levels or the length of the lease.

Practice, Surveyors

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Mixed bag

Article Abstract:

Property advisers warn their clients a tenancy in a mixed-use development may lead to other occupiers moving into the development which will cause them additional expenses, such as a nightclub increasing the cost of security. The variation in opening times may be another source of difficulties. Many landlords of city centre developments in Leeds, England, include a number of onerous restrictions in their lease agreements. The covenants applied by the landlord are sometimes part of the planning consent agreement with the local authority or from the previous landowner.

Contracts, Tenants, Company Profile

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Reforms in practice

Article Abstract:

The UK landlord and tenant laws, as they apply to dilapidations, have been changed by the introduction of the Woolf reforms. A landlord claiming dilapidations from a tenant must issue a letter of claim which includes what is being claimed for and how much the landlord has lost. The courts will ensure both sides keep to a strict timetable. Often the differences are settled out of court. Some landlords may chose to make a claim for dilapidations before the lease has ended therefore repairs will be completed and the landlord will not have to claim for loss of rent.

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