Industry comment, updates and news from the Websters team.

How the court will decide the terms of a new lease on a lease renewal

Friday, October 5th, 2012 in Commercial, Landlord, Managing Agent, News, Residential, Service Charge

In Ragge & Co’s Property Update, it is pointed out that, if the parties to a protected lease cannot agree the terms of the renewal, they will be decided by the court and the burden of persuading the court to change the terms of the existing tenancy rests on the party proposing the change. In addition, the High Court has held that a lease with an all-inclusive rent should be renewed on terms which provide for a separate variable service charge.

Read the full article here

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