Organ, J.

Change now, or have change thrust upon you - 2002 - Estates Gazette (0217) 27 April 2002, 146-149(3) .

Detailed explanation of the new code of practice on commercial leases (ISBN 1842190989). The code is voluntary but if landlords fail to comply it is likely to become law. Outlines the code's requirements and stresses that the code only applies to new lettings and will not affect existing lease arrangements. In particular discusses the choice of lease term, upward only rent reviews, repairing obligations, and the range of alternative terms offered to prospective tenants. Also summarises lease-pricing variables, management considerations, and what landlord's offers should include. Tables showing rental premiums, and average lease lengths.


COMMERCIAL LEASES
CODE OF PRACTICE
FLEXIBILITY
RENT REVIEWS
UPWARD ONLY RENT REVIEWS
REPAIRING OBLIGATIONS
LEASE TERM
LEASE LENGTH