Rewriting Lease Terms – What Can be Achieved at Renewal
Tenants are increasingly looking to rewrite leases,
to reflect the impact of COVID, or simply to give flexibility to react to an every-changing
world. One opportunity to do this is
lease renewal, and a number of recent county court decisions have given valuable
guidance on whether flexible terms are available in this way, whether it is a
change to rent arrangements, a shorter term or insertion of a break option, a
pandemic rent suspension clause, or another of the range of terms which tenants
are now asking for. This session will outline
the approach which the courts are taking on these issues and others, which in
turn sets the parameters for negotiation.
Start Date | Venue | Price | |
---|---|---|---|
23 February 2022 | Virtual Seminar |
Note: All prices are to be paid in GBP and are subject to VAT at the prevailing rate
Download and print your full course brochure here
not available
Speakers
- Mark Shelton, Commercial Property Management Law Trainer, CPM Law Training Limited and Author of 'A Practical Guide to the Law of Dilapidations' and 'A Practical Guide to Applications for Landlords' Consent and Variation of Leases'
Programme
Issues Covered:
- Can the court order a term longer than the tenant wants?
- On what basis might a break option be inserted?
- How do turnover rents fit in with lease renewal?
- What is regarded as ‘reasonable updating’, and what changes go too far?
- Does a pandemic rent suspension clause impact upon the rent?
- Should rent upon renewal take account of rent-free periods available in the marketplace?