by actionproperty | Jan 23, 2010 | Leases & Rentals
The painful consequences of getting an option renewal procedure wrong have again been highlighted recently where a tenant secured a 10 year option at around 50% the claimed market rental. The case also highlights the potential benefits of regular market rent review...
by actionproperty | Jun 12, 2009 | Leases & Rentals
In a split 2-1 decision, a Court of Appeal has ruled that rent “ratchet” clauses are valid in leases falling under the Retail Shop Leases Act. Such clauses artificially prevent rental from falling even though this may be indicated by a market review or CPI index....
by actionproperty | Aug 13, 2008 | Leases & Rentals
Ensuring that both parties are fully aware of Lease conditions is essential to good relations; otherwise there can be some unwelcome surprises. This matter concerned a 2 level commercial business premises at Newmarket leased for 8 years from Sept2007, for a gross...
