Commercial Leases - Mastering the Drafting & Negotiation of Key Clauses

Introduction

Using a precedent lease can make drafting seem straightforward, but do you understand why particular wording is used, how it should be adapted, or what to do when the other side proposes amendments?

Do you know what the usual compromise position is, when an amendment should be accepted, or when you should push back?

If not, this virtual classroom seminar is for you.

Aimed primarily at those who are relatively new to drafting and negotiating commercial leases, this practical course focuses entirely on the drafting process. It will cover both the initial drafting of key clauses and the drafting and negotiation of amendments, using numerous examples of some of the most challenging and commonly negotiated lease provisions.

The session will provide practical guidance to help you understand the reasoning behind the wording, assess proposed amendments, and approach lease negotiations with greater confidence.

What You Will Learn

This live and interactive course will cover the following:

• Alienation
• Using s19(1A)
• Avoiding problems with the Landlord and Tenant (Covenants) Act 1995 following K/S Victoria Street and Tindall Cobham
• Restrictions on underletting
• Restrictions on other forms of alienation
• Offers to surrender and other pre-conditions
• Contracting out of the Landlord and Tenant Act 1954
• Wording to use
• Avoiding problems with the definition of the lease term
• Rent review
• Avoiding headline rents
• Avoiding problems with VAT
• Disregarding tenant's improvements
• Insurance
• Defining insured risks
• Issues with uninsured risks
• Service charges
• Restricting what the landlord can charge under the service charge
• Break clauses
• Optimum drafting of both landlord and tenant break clauses
• Repair
• Tenant amendments
• Alterations
• Tenant amendments

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.