Commercial Property: Bank of Mum and Dad?

February 13th 2020 | commercial property

There is perhaps a striking similarity between supporting one’s offspring for a lifestyle they cannot afford and being a tenant of commercial premises.  Frequently commercial leases oblige the tenant to be responsible for certain costs and outgoings on the property.  Obvious provisions such as paying annual rent and a contribution read more...

Three is not Always a Crowd for a Groupie

December 4th 2019 | commercial property

Whereas it is not unusual for a commercial lease to contain provisions dealing with underletting, is an underlease always required when you are sharing occupation of a commercial building, or considering letting a tenant share occupation of a building you may own?  The answer is not necessarily.  It is quite read more...

Thinking of Breaking Up?

November 12th 2019 | commercial property

A relationship between a landlord and a tenant is (usually) governed by a commercial lease which the parties have entered into at the same time as the tenant takes occupation of the property.  Such commercial relationships are, hopefully, usually harmonious.  But what happens when one party wants to end the read more...

Side Letter Leggings or Full Denim Deed?

October 29th 2019 | commercial property

For those of you who are fashionista’s of Vivienne Westwood’s global empire I imagine that as a landlord one could only dream of the prestige of being one or more of her landlords (consider one’s image daaaahrling) and the unimaginative wealth of interest it would generate in the property investment read more...

Do I Need a Commercial Lease?

October 24th 2019 | commercial property

Although the risks of not having a commercial lease in place to formally document a tenant’s occupation is probably more of a risk from the landlord’s perspective there are a number of reasons why both a landlord and a tenant should enter into a formal lease: Certainty of terms – read more...

Brexit Stands as an Unviable Reason to Break a Commercial Lease

July 24th 2019 | commercial property

Landlords – heave a sigh of relief, tenants – look the other way. Following from my earlier article on this subject, the European Medicines Agency (“EMA”) has announced that it will not be appealing the High Court’s ruling which determined that Brexit would not frustrate its 25 year lease.  Instead, read more...

Can You Break Your Commercial Lease Because of Brexit?

March 27th 2019 | commercial property

The short answer is NO – at least, not yet. Here’s why: This very question has just been answered by High Court judge, Mr Justice Smith, in the recent case of Canary Wharf (BP4) T1 Ltd & Ors v European Medicines Agency. This case concerns the ongoing battle between the read more...

Informal Oral Contract Costs Construction Company Almost £7 Million

March 18th 2019 | commercial property

Informal oral contracts remain sadly commonplace despite any number of examples of them leading to costly disputes, in one case, a construction company that allowed another to use its name in tendering for jobs ended up losing almost £7 million. One of the company’s senior employees was an acquaintance of read more...
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