Fitting Out and Getting Out

This module will look at the detail of what amounts to a fixture and what doesn’t in the light of recent caselaw, as well as the distinction between landlord’s and tenant’s fixtures; and also considers the nature and extent of rights and obligations upon lease expiry, in relation to physical additions to (and contents of) leased premises.

Module Duration: 2 hours 54 minutes

Recorded: 06/03/2024

Areas covered

With increasingly short lease terms, the ‘fit-out and strip-out’ cycle has come under greater scrutiny, both as regards the practicality for both landlord and tenant, but also in relation to sustainability. The law in relation to alterations and reinstatement continues to develop, with important cases in the last few years on fixtures and fittings, as well as on the nature of a tenant’s obligation to yield up with vacant possession. The commercial consequences of not documenting these issues correctly can be significant. 

The following topics will be covered:

• The distinctions between fixtures, chattels and tenant’s fixtures
  
• The role and relevance of reinstatement obligations
• Compensation for improvements
• Yielding-up obligations
• Fixtures and lease renewals

Speaker

• 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'