Industry comment, updates and news from the Websters team.
‘Green Leases’ or Commercial Lease Arrangements for Sustainable Buildingsare becoming increasingly popular. A ‘Green Lease’ is a lease of a commercial or public building, which incorporates an agreement between a landlord and a tenant as to how a building is to be occupied, operated and managed in a sustainable way.
Read the full article from Ogier here
Coffin Mew & Clover point out that f rom 1st October 2010 the rental threshold for Assured Shorthold Tenancies (ASTs) has increased from £25,000 per annum to £100,000 per annum. The increase applies retrospectively.
Read the full article here
Break options can be an invaluable asset for Tenants in tough economic times. Gordons LLP has highlighted that they offer the promise of flexibility and can be a handy tool for re-negotiating terms with the Landlord. Tenants must beware taking their break option for granted given the many pitfalls to be avoided.
Read the full article here
With the economic climate remaining uncertain, service charges are continuing to give rise to tensions between landlords and their tenants. Tenants are scrutinising service charge accounts for unjustified costs and best value whereas landlords are more cautious about incurring costs unless recovery through the service charge is likely.
The Practical Law Company has posted the revised RICS code on service charges in commercial leases, which has been released for comment.
Obtain a copy of the draft here
