Effectively negotiating and drafting commercial leases, and advising your client on the final terms, are key skills for all commercial property lawyers. If you are a newly qualified solicitor or other commercial property practitioner, or you are transferring to commercial leases from a different practice area, this course is for you.
It is also an important refresher course for lawyers returning to commercial landlord and tenant work after a career break, and for those who do not deal with commercial leases on a daily basis. However, all commercial property practitioners will benefit.
You will gain a greater understanding of the basic terms in a commercial lease, as well as particular considerations when drafting a lease of part. Essential issues you will consider include the need for ancillary documents, such as licences for alterations and deeds of variation.
What rights and exceptions should you include to protect your client’s interests? What are the pitfalls when considering alienation and landlord’s consent? Our well known and respected commercial property experts, Peta Dollar and Sarah Thompson-Copsey, will guide you through the main clauses found in a lease, and their implications, using worked examples to help you understand the issues.
Key learning outcomes
- Understand basic commercial lease terms and their purpose
- Identify appropriate rights and exceptions
- Recognise ancillary documentation and consents
What does this course cover?
This course explains the basic, essential terms in commercial leases, and related topics including:
- Defining the demise, and why its definition is crucial
- Rights and exceptions: what you need to include, and for what purpose
- An introduction to open market rent review and turnover rents
- Guarantors and authorised guarantee agreements (AGAs): getting them right
- Landlord’s consent on alienation: avoiding the pitfalls
- Security of tenure and contracting-out: the framework under the Landlord & Tenant Act 1954
- Repair and alterations, ‘yielding up’, and practical methods for resolving disputes
- User and quiet enjoyment