Sentences with phrase «commercial lease clauses»

Not exact matches

The problem for prospective purchasers of leases is that most banks and commercial lenders insist on further investigation where a lease clause links increases in ground rent to RPI, and some of the smaller banks will refuse to lend against such a lease at all.

If you require legal representation in respect to commercial lease issues such as exclusivity clauses, please contact us for an initial consultation.

The final decision in this ongoing saga, being that without an apportionment clause in a commercial lease there is no ability to recover a period's rent paid in order to ensure compliance with the conditionality attached to a break clause.

The recent Supreme Court decision in Marks and Spencer plc v BNP Paribas Securities Services Trust Company (Jersey) Limited and Another [2015] UKSC 72, [2015] All ER (D) 24 (Dec) dealt with that perennial source of contentious work for the landlord and tenant specialist, a tenant's break clause in a commercial lease.

Thus, commercial lease agreements usually contain renewal clauses, allowing tenants to extend an already lengthy lease for another term.

Recent highlights include handling a right of access dispute between two farmers; representing trustees of the Westoby Pension Fund in a construction dispute, which involves a dilapidations claim and structural engineering issues; and acting for a food company, as the commercial landlord, in a dispute regarding a lease break clause.

Recent highlights include advising an airport on its strategy for managing land compensation claims; representing a pharmaceutical company in a dispute over the exercise of a commercial lease break clause relating to an office premises; and assisting a plc client with its strategy for dealing with compensation claims from residential property owners.

An option to renew or an option to extend clause is a common feature of commercial leases.

pursing a negligence claim against a firm of solicitors for loss of profit for failing to exercise a break clause in a commercial lease

Dispute as to whether previous award of damages for breach of a «keep open» clause in a commercial lease precluded the landlords from enforcing the repairing obligation and having the vacant premises put into a condition whereby they could immediately be traded from.

Failing to ensure that all the clauses in a commercial offer to lease are carried over to and appear in the final form of commercial lease.

Arbitration typically comes up due to the fact that most commercial leases will have an arbitration clause.

It is not expected to impact on provisions in normal commercial property documentation, such as exclusivity clauses in retail leases.

Those economic data should bode well for commercial real estate, which is often viewed as a hedge against inflation due to the fact that leases include escalation clauses that often mimic changes in the Consumer Price Index.

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The formula for calculating the Net Operating Income of a property is the following: NOI = Effective Gross Income — Operating Expenses + Recoveries (4) Notice that typically commercial leases include clauses through which a significant portion of operating expenses is recovered from the tenants.

Knowledge of escalation clauses and other items of additional rents found in commercial leases