commercial leases general a lease is an agreement between landlord and tenant setting out the terms and conditions under which a property is let the landlord owns the property and ...
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...Commercial leases general a lease is an agreement between landlord and tenant setting out the terms conditions under which property let owns most contain standard clauses govern relationship in current climate it possible to negotiate with may be favourable principal relate rent reviews obligations maintain repair insurance payment of outgoings guarantees term option terminate user premises there no completely common form each needs examined identify potentially difficult adapt requirements new case negotiated directly or prospective take assignment old from existing sometimes sum money called key paid if desirable location little scope for negotiation as not party other than give consent transaction proceeding satisfied standing older poorly drafted all typically found more modern impair value investment by exposing hidden risks failing him rights he would expect upwards only over last years almost invariably market five yearly section land conveyancing law reform act prohibits long e...