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i>Commercial Leases 2008 is the surveyor’s ultimate companion to commercial leases. Providing straightforward advice, the book broadly follows the structure of a typical lease of commercial premises and provides clear commentary on the application of the Code for Leasing Business Premises in England and Wales 2007, the RICS Service Charge Code and other relevant guidance.
Using practical flow charts, checklists, selected drafting examples and an overview of the principal terms of commercial leases, the guide sets out recommended approaches to negotiating lease terms and identifies solutions to various legal issues.
This Guide is intended as a general summary of some of the principal points which arise or which need to be considered when either considering an existing or new lease of commercial premises in England and Wales and any associated heads of terms.
It does not cover every potential area of concern and is not intended to be a comprehensive review. Certain types of use and property will require some bespoke clauses, for instance a nightclub built on remediated land will have a raft of clauses which one would not expect to find in a lease of a city office. However, this Guide does try to cover the general issues and principles which find their way into the negotiations over heads of terms and leases.