Course Code: T912

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AN INTRODUCTION TO COMMERCIAL LEASES
Wednesday, 3 September

Leases of commercial premises are highly technical documents. This course will cover not only the basic principles that the parties and their agents need to determine for their ‘Heads of Terms’, but also the detailed issues that can arise when the text of a lease is being negotiated.

The course will cover:
• The new 2007 Code for Commercial Leases
• The terms you should seek when letting as a landlord and the terms you can accept when taking a property as a tenant
• What is possible in practice in the current market and what is now usual
• Procedures for excluding the 1954 Act
• The length of term and security of tenure
• Tenant/guarantor liability
• Assignment and subletting
• Rent review
• Repairs and service charges
• General tenants’ covenants
• Insurance
• Mistakes to avoid

This course will be of particular importance to letting agents and property managers, and to solicitors responsible for drafting commercial leases.

COURSE DIRECTOR:
Philip Freedman CBE, Senior Property Partner, Mishcon de Reya