clarity guide to leasehold liability
With consumer confidence at an all
time low, the crash of the US sub-prime mortgage market and
commercial and residential development having stalled, there is no
doubt that the current property crisis will continue at pace for
longer than originally predicted. As a result of these
trends, tenants are now finding it harder to dispose of unwanted
properties and conversely, landlords are using every legal argument
and opportunity open to them to hold their tenants to the full term
of their leases and to ensure that tenants’covenants are complied
with to the letter.
To help address these issues our
specialist team have developed the ‘clarity guide to minimising
leasehold liability’. This guide will assist tenants by
providing:
- practical guidance, case studies,
hints and tips – to minimise liability, including issues such as
transferring a lease, actioning a break option, handling a
dilapidations claim and challenging a service charge bill
- a helpful checklist for those
negotiating new leases – to ensure common and expensive pitfalls
(long and short-term) are avoided
- useful and timely advice on some tax
issues – both at heads of terms stage and in relation to lease
renewals
As the matter of property management
is complex, this guide is not exhaustive. However,
we hope you find it useful and to discuss how any of the
points raised apply to your own organisation’s specific
liabilities, please call, we would love to hear from you.