Surrender & Grant of New Lease

Buildings

We acted for a large pension fund who own mixed use premises in central London. The premises had been vacated by a national brand, in breach of their lease and a new tenant had been found. There were ongoing negotiations for a new telecommunications licence which was only going to complete after the new lease… Read more »

Surrender of Lease & Sale to Undertenant

Meeting

We acted for a group of four owners of commercial premises that was subject to a lease and sub lease. It was agreed that the current tenant would surrender the lease with a large payment to compensate our clients for dilapidations and on the same day as the surrender, the property would be sold to… Read more »

Covenants

Signing Document

A covenant that is placed on a property in a previous transaction and binds the land and anyone who takes that land, can have great financial implications, though often disregarded by clients as ‘just on paper’ until the real implications are drawn to their attention. We acted for a GP Practice who wanted to purchase… Read more »

Landlord and Tenant

If you are a landlord of a commercial property, there are many aspects that you need to consider to make sure you are fully protected. Before you negotiate the terms of your lease with a tenant, make sure that you always seek legal advice, unless of course you are experienced in this type of transaction… Read more »

Beware The Break Clause

The recent case of Riverside Park Ltd V NHS Property Services Ltd [2016] is a stark reminder of the need to comply fully with any pre-conditions for exercising a break clause. The conditions in this case were firstly, that at least six months written notice must be given. There was no issue with this. Secondly, the… Read more »