New lease clauses to address CRC empower landlords to allocate costs to buildings within its portfolio on a «fair and reasonable basis».
Not exact matches
Anyone proposing to become a tenant under a
new lease should therefore be willing to challenge an RPI - linked ground rent
clause.
With the dust having firmly settled and break
clauses tweaked following last year's landmark case of Marks & Spencer plc v BNP Paribas, where it was deemed that rent paid in advance before a break date would not have to be refunded for the post break period unless the
lease expressly stated this, a
new...
If you are considering moving to a
new premises, our dedicated property team can alert you to anything in the
lease that's potentially problematic, or any
clauses that are ill - suited.
If what you describe is correct, and there are no «out
clauses» in the agreement, he is bound by a 1 year contract with 1 month free and you don't have to agree to a
new lease on terms which do not suit you better - Whatever you do, don't sign a
new lease unless you are happy with it to replace the current one and / or have gotten legal advice.
«One of the most important points we pressed for was allowing landlords and tenants to add «
clauses» to the
new standard
lease,» notes the website, «and we got it!»
@Nij in at least one state,
New York, a
lease clause saying «no subleases» is invalid, because landlords may not «unreasonably» withhold their consent to a sublease.
In July 2014, the District of
New Jersey federal court dismissed in its entirety Maher's complaint, which had alleged that the fees and charges Maher pays pursuant to its
lease violate the Tonnage
Clause of the U.S. Constitution, as well as the Rivers and Harbors Appropriation Act of 1884 and the Water Resources Development Act.
If a retailer adds a
new product that conflicts with another tenant's product mix, the manager simply refers to the
lease and educates the retailer on its important
clauses.
The
lease was located in a shopping centre and as a protective
clause, included exclusivity to this tenant so that no other tenant would be authorized to sell, exchange and purchase
new and used videogames in the centre.
If you later want to rent to
new tenants and allow pets that's different cause you'd have a pet
clause and extra fee payment but into your
lease.
In both cases,
new frontiers in
lease design are being created in
lease clauses pertaining to expansion / contraction options, assignment and subletting options, as well as creative
new ways to securitize the leasehold.»