Drafting Commercial Leases - A Guide to Negotiating Assignment, Underletting, Break Rights & More

Introduction

Using a standard form of lease may make drafting easier, but do you know why particular wording is used or how it should be amended? If the other side makes an amendment, do you know the standard compromise position or what you should accept? If not, then this virtual classroom seminar is for you.

Aimed primarily at those who are relatively new to drafting and negotiating commercial leases, the course will focus on the essentials in assignment, underletting, and break right drafting and what to consider for both landlord and tenant. It will also examine critical but often overlooked provisions, such as landlord release and the impact of accurately defining the contractual term.

What You Will Learn

This live and interactive course will cover the following:

• Assignment & underletting
• What are the objectives of landlord and tenant?
• What should the assignment provisions provide?
• What should the underlettings clause provide?
• What about sharing or parting with possession?
• What do the Lease Code and Model Commercial Lease provide?
• Break rights
• Who can break and on what basis?
• The importance of break right conditions and what to expect
• Overlooked clauses
• The importance of checking the definition of ‘contractual term’
• Restricting compensation under the Landlord & Tenant Act 1954
• What to include for a landlord’s release on the sale of its interest

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.