Supported by Countrywide Legal Indemnities
- Introductory *12 hours CPD
This course will be run as a workshop with delegates limited to 25. We will consider a draft lease and the amendments a tenant might make. We will also consider other specimen clauses. The objective is to ensure that the delegates can draft and negotiate with confidence understanding why clauses are drafted or amended in particular way, what is really important and what compromises can be made. We will also consider the traps that can be found in existing leases when acting for an incoming landlord or tenant.
In particular:
Day 1 - Drafting the lease - what the landlord is looking for:
- Use and misuse of precedents
- Identity of the tenant
- Describing the property
- Rights and reservations
- Rent review
- Guarantees and rent deposits
- Contracted out leases
- Allowing the tenant into possession before the grant of the lease
Day 2 - What the tenant is looking for:
- Negotiating the lease
- What is particularly important to the tenant
- What the landlord may concede
- VAT
- Insurance especially uninsurable risks
- Repairs including consideration of warranties
- Service charge
- Alterations
- Alienation
- Break clauses - are they enforceable?