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Webinar Lease Surrenders - Ten Points to Ignore at Your Peril Webinar (On-Demand)

Overview


Lease termination is mostly by a unilateral act: landlord’s notice to quit or forfeiture, tenant’s break notice. Those procedures are often contentious. By contrast, a surrender is a consensual process, so shouldn’t it be simpler? Isn’t it just a matter of the tenant handing the lease and keys back to the landlord? Well, up to a point, Lord Copper.

Formalities to be observed may include obtaining the consent of any chargee, court approval where the tenant is insolvent, contracting-out of any prior surrender agreement, and of course compliance with Land Registry procedures. The VAT consequences need to be planned for, as well as any implications of a surrender and regrant, and the position of sub-tenants must also be considered. There are also issues for negotiation, which should not be forgotten: rent apportionment, pre-existing liabilities, and potentially compensation for improvements, or statutory compensation under the Landlord and Tenant Act 1954..

This webinar considers the pitfalls and the essential requirements. It will include:

  • Required consents and approvals
  • Registration and other formalities
  • VAT consequences
  • Issues to be documented upon an intended surrender and regrant
  • Checklist of issues for negotiation
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Details


Type
Webinar
Level
Intermediate
CPD
1 hours
SRA

Speakers


Mark SheltonDetails

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Available until: Thu 17 Oct 2019

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£35.00
Package Price
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£120.00
Non Member

(Excluding VAT)

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