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This volume deals with the effect of the Landlord and Tenant (Covenants) Act 1995, which came into force on 1st January 1996. This legislation is the most important change in commercial property law since the 1954 Act and its provisions may create a split in the market for commercial leases.;There will need to be substantial changes in the drafting and negotiating of comercial leases, and practitioners involved in this field will have to make significant alterations to their systems, procedures and documentation.
The book provides a section-by-section analysis of the Act, with an examination of its practical impact on commercial conveyancing. It gives a detailed explanation of how practitioners should re-organize their systems and procedures to accommodate the new provisions. It also provides a set of forms, precedents, clauses and other relevant documentation, including an authorized guarantee agreement, overriding lease, rent review clause and alienation covenant.
The guide should be of interest to all practitioners involved with commercial conveyancing, surveyors, mortgage providers and students of landlord and tenant law. Phillip H. Kenny is the author of ""Covenants for Title: Understanding the New Law"".