Summary
Contents
Subject index
This clear and accessible book covers all aspects of commercial leases, from receipt of instructions to termination. Fully up-to-date with all recent cases relating to the lease-licence distinction, Land Registry requirements, the recent changes to the Landlord and Tenant Act 1954 Pt II and the new regulations for the execution of deeds, its detailed explanation of the underlying principles of this complex area of the law - and their practical application - makes it a valuable text for all students taking undergraduate commercial property options, as well as those taking the LPC and the BVC.
Form and Content of Business Leases
Form and Content of Business Leases
5.1 Introduction
Every lease must contain certain essential formalities and terms: date; names of parties; operative words, sometimes called words of grant, which effect the letting, eg ‘lets’ or ‘demises’; the parcels clause, a sufficient description of the premises being let; the habendum which is the length of the term; the reddendum which means the rent reserved; covenants of the landlord and the tenant; provisos, especially the landlord's right of re-entry; execution.
A business lease may be very short or very long. Its length and complexity should be governed by the value of the transaction and the length of the term. Clearly, a lease of a small lock-up storage unit for three years requires the minimum ...
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