Sentences with phrase «head lessee»

For the most part the rental rate is determined by the amount of space available, the term remaining on the head lessee's lease, its location, configuration, amenities included, renewal and / or carryover clauses and options, and the financial situation of both parties.

It has even been possible, in one case, for the head lessee of a large mansion block in east London to claim statutory lease extensions on all 28 of the flats within the building — Maurice v Hollow - Ware Products Ltd [2005] 2 EGLR 71, [2005] EWHC 815 (Ch), [2005] All ER (D) 254 (Mar).

The Court of Appeal (hearing both appeals together, [2007] EWCA Civ 499, [2007] 3 EGLR 141) allowed both appeals, overruling Maurice v Hollow - Ware Products Ltd and holding that a head lessee, in these circumstances, is not a «qualifying tenant» for the purposes of LRHUDA 1993.

In each case, the freeholder opposed the lease extension on the ground that the head lessee was not a «qualifying tenant» under the Act.

He reports that although some cities such as Winnipeg and Edmonton are a bit slower, in Toronto, Montreal, Calgary, Vancouver and elsewhere, head lessees are seeking to reduce operating costs and prospective tenants are searching for bargains, creating more than ample opportunity for Realtors.

Sublease rate discounts are normally in the 15 per cent to 20 per cent range, but Krawitz reports that in Toronto, office space rents to head lessees are in the $ 28 to $ 30 per square foot range, and sublease space is about $ 16 to $ 18 per square foot.

Not exact matches

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