Practice Notes on Business Tenancies

This book provides invaluable practical guidance to the grant, renewal, assignment and surrender of business leases. The procedures involved are explained clearly and concisely, with each constituent part of a commercial lease being examined, and useful hints given on drafting.

The book covers key case law and legislation, the latest information concerning time limits and court fees, the VAT consequences for the letting of business premises, rent reviews and statutory renewals. The book also summarises and offers practical analysis of the Landlord and Tenant (Covenants) Act 1995.

Basic Information; Time Limits and Court Fees including: Grant and Assignment; Landlord and Tenant Act 1954, Part II; Compensation for Improvements; Leasehold Property Repairs Act 1938; and Rent Review; Privity of Contract and the 1995 Act including: Old and New Tenancies; and Anti-avoidance Provisions; Statutory Renewal and Rent Review including: Landlord and Tenant Act 1954, Part II; and Rent Review; Drafting the Lease including: Tenant's Rights and Landlord's Exceptions and Reservations; Length of the Term; Tenant's Covenants; and Landlord's Covenants; Procedural Checklists including: Grant of Lease; Assignment of Lease; and Surrender; Landlord's Consent including: Assignment and Subletting; and Alterations; Precedents including: Tenancy at Will; Statutory Renewal Forms; and Notice of Arrears under the 1995 Act; Common Practical Problems.