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This clear and accessible book covers all aspects of commercial leases, from receipt of instructions to termination. Fully up-to-date with all recent cases relating to the lease-licence distinction, Land Registry requirements, the recent changes to the Landlord and Tenant Act 1954 Pt II and the new regulations for the execution of deeds, its detailed explanation of the underlying principles of this complex area of the law - and their practical application - makes it a valuable text for all students taking undergraduate commercial property options, as well as those taking the LPC and the BVC.
This clear and accessible book covers all aspects of commercial leases, from receipt of instructions to termination. Fully up-to-date with all recent cases relating to the lease-licence distinction, Land Registry requirements, the recent changes to the Landlord and Tenant Act 1954 Pt II and the new regulations for the execution of deeds, its detailed explanation of the underlying principles of this complex area of the law - and their practical application - makes it a valuable text for all students taking undergraduate commercial property options, as well as those taking the LPC and the BVC.
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Autorenporträt
Alan Moran is Senior Teaching Fellow in the Department of Law, University of Essex. He was previously at the University of Sheffield where he taught on the LPC and prior to that was in practice with a national firm of solicitors specialising in commercial property.
Inhaltsangabe
Preface Table of cases Table of statutes Table of statutory instruments Table of abbreviations INTRODUCTION: Meaning of commercial property Commercial property in context Commercial property in practice Conveyancing DEVELOPMENT AND LEASES: Introduction Development leases Site acquisition Planning Construction Funding and investment Letting LEASES: Introduction Relationship of landlord and tenant Definition Essential elements of a lease Parties to a lease Types of leases Formalities for the creation and assignment of a lease LEASES AND LICENCES: Importance of the distinction Licences Law relevant to the lease-licence distinction Drafting FORM AND CONTENT OF BUSINESS LEASES: Introduction A typical business lease ENFORCEABILITY OF LEASEHOLD COVENANTS: Introduction The old rules The new rules Use of insolvency law to avoid liability RENT AND RENT REVIEW: Rent Rent review USER: Introduction At common law Express covenants Landlord s concerns Tenant s concerns Drafting Factors outside the lease Other clauses in the lease Interpretation of user clauses Ancillary use Keep-open covenants Tenant s tactics ALTERATIONS: Introduction Factors outside the lease affecting alterations Factors in the lease affecting alterations Scope and meaning of alterations: Construction of covenants Landlord s consent Licence for alterations Alterations and improvements: Qualified covenants and s 19(2) of the Landlord and Tenant Act 1927 Drafting the covenant Reinstatement Compensation for improvements REPAIRS: Introduction Definition of the premises Before the lease is entered into Meaning of repair Standard of repair Scope of repairing covenant Construction of the repairing covenant Decorating Drafting Enforcement and remedies ALIENATION: Introduction Absolute covenant Qualified covenant Alienation in breach of covenant Assignment Sublettings Construction of alienation clauses Landlord s consent SERVICE CHARGES: Introduction Provision in the lease Apportionment of service charges ENDING A BUSINESS TENANCY: Introduction Effluxion of time Notice to quit Break clauses Surrender Acceptance of repudiatory breach Disclaimer FORFEITURE: Introduction The current law of forfeiture Proposals for reform SECURITY OF TENURE: Introduction Protected tenancies Contracting out Continuation of tenancies Termination of tenancies under the 1954 Act Compensation The new tenancy Glossary of commercial property terms Bibliography Index
Preface Table of cases Table of statutes Table of statutory instruments Table of abbreviations INTRODUCTION: Meaning of commercial property Commercial property in context Commercial property in practice Conveyancing DEVELOPMENT AND LEASES: Introduction Development leases Site acquisition Planning Construction Funding and investment Letting LEASES: Introduction Relationship of landlord and tenant Definition Essential elements of a lease Parties to a lease Types of leases Formalities for the creation and assignment of a lease LEASES AND LICENCES: Importance of the distinction Licences Law relevant to the lease-licence distinction Drafting FORM AND CONTENT OF BUSINESS LEASES: Introduction A typical business lease ENFORCEABILITY OF LEASEHOLD COVENANTS: Introduction The old rules The new rules Use of insolvency law to avoid liability RENT AND RENT REVIEW: Rent Rent review USER: Introduction At common law Express covenants Landlord s concerns Tenant s concerns Drafting Factors outside the lease Other clauses in the lease Interpretation of user clauses Ancillary use Keep-open covenants Tenant s tactics ALTERATIONS: Introduction Factors outside the lease affecting alterations Factors in the lease affecting alterations Scope and meaning of alterations: Construction of covenants Landlord s consent Licence for alterations Alterations and improvements: Qualified covenants and s 19(2) of the Landlord and Tenant Act 1927 Drafting the covenant Reinstatement Compensation for improvements REPAIRS: Introduction Definition of the premises Before the lease is entered into Meaning of repair Standard of repair Scope of repairing covenant Construction of the repairing covenant Decorating Drafting Enforcement and remedies ALIENATION: Introduction Absolute covenant Qualified covenant Alienation in breach of covenant Assignment Sublettings Construction of alienation clauses Landlord s consent SERVICE CHARGES: Introduction Provision in the lease Apportionment of service charges ENDING A BUSINESS TENANCY: Introduction Effluxion of time Notice to quit Break clauses Surrender Acceptance of repudiatory breach Disclaimer FORFEITURE: Introduction The current law of forfeiture Proposals for reform SECURITY OF TENURE: Introduction Protected tenancies Contracting out Continuation of tenancies Termination of tenancies under the 1954 Act Compensation The new tenancy Glossary of commercial property terms Bibliography Index
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