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.