Property Practice II: Leasehold
Description
A comprehensive overview of leasehold law, focusing on the granting, management, assignment, and termination of commercial leases. The documents explain the fundamental structure of a lease, detailing crucial clauses such as repair obligations, rent review mechanisms, and restrictions on alienation (transferring the leasehold interest). Significant attention is given to the procedural steps involved in both granting a new lease and assigning an existing one, including the requirement for landlord consent and the use of a licence to assign. Finally, the materials cover a landlord's remedies for breach, such as forfeiture and the use of Authorised Guarantee Agreements (AGAs), and examine the critical statutory protection of Security of Tenure for business tenants under the Landlord and Tenant Act 1954.
United States
