Fixtures & Chattels - What Happens on Lease Expiry?
When can a tenant be required to reinstate alterations?
Which items are chattels, and which become fixtures?
What fixtures is the tenant entitled to remove upon lease expiry?
What impact do alterations have upon rent?
Do repairing obligations apply to alterations and additions?
The simple answer to all those questions is: it depends on what the lease says. It is open to landlords and tenants to negotiate terms in the lease, or licence to alter, which remove any uncertainty as to these and other issues such as what is meant by giving vacant possession at the end of the lease. The alternative is to fall back upon common law rules which are not always easy to apply.
This webinar looks at the process of obtaining licence to alter, and the consequences upon lease expiry, in the light of the latest caselaw. It is aimed at surveyors involved in lettings and management, property lawyers whose practice includes commercial lettings, and other property professionals.
What You Will Learn
This webinar will cover the following:
- Can a tenant remove tenant’s fixtures if the landlord forfeits the lease?
- Is internal demountable partitioning a chattel, a tenant’s fixture or a landlord’s fixture?
- How are fixtures dealt with when leases come up for renewal?
- When a tenant can alter despite landlord’s opposition
- The role and relevance of reinstatement obligations
- Compensation for alterations
- Yielding-up obligations
This pre-recorded webinar will be streamed at 12:30pm on Monday 15th June 2020 and will remain available to view by delegates who have registered by then for 90 days.