An Introduction to Drafting Commercial Leases - A 6 Part Boxset

Introduction

This webinar series looks at key features that appear in every commercial lease, pointing out the main issues to agree in each area, and what to look for when considering a landlord's first draft of the lease.

What You Will Learn

This webinar will cover the following:

Module 1 - Introduction

• RICS - Commercial lease code
• Heads of terms - key points to agree
• Subscription only precedents - Practical law leases
• Free precedents- Model Commercial Lease precedents
• Green lease clauses sources
• Key points to get right at the start

Module 2 - Lease Term & Physical Issues

• Length of term
• Rent, payment dates, apportionments
• Break clauses
• Security of tenure - an outline
• Defining the property & using good plans
• Rights - access, parking, facilities
• Repairing covenants - FRI or schedule of condition?
• Insurance and rent cesser/break clauses
• Flooding & terrorism

Module 3 - Rent & Rent Review

• The Upward Only Rent Review
• The Hypothetical lease
• Assumptions and Disregards
• Indexed
• Turnover
• VAT on rent

Module 4 - Service Charges

• RICS Code of practice on Service Charges
• The Services - definition and extent
• The landlord's obligation to provide the services
• The tenant's obligation to pay for them
• Dealing with disputes
• Inherent defects?

Module 5 - Planning and User Considerations

• Permitted user and the Use Classes
• Permitted changes of user
• Alterations and improvements
• Statutory provisions

Module 6 - Alienation

• Assignment and underlettings
• Authorised Guarantee Agreements
• Forfeiture and statutory compliance
• SDLT on leases - an outline

This pre-recorded webinar will be available to view from Thursday 17th April 2025

Alternatively, you can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.