Leases & Titles

blog yellow circle pmgHere are various blog resources related to all forms of leases, titles, and legal documentation involved with property interests, with sub-categories for Leases and Titles resources. Whether a straight forward lease agreement or complicated legal documentation, here is help to understand what you're trying to achieve and then practically how to easily do this.

 

Lease “Re-gears” and "Re-Gearing" Explained and Expounded

regear regearing leases property management guideYou may come across the phase lease “re-gears” or “re-gearing”, particularly with commercial property leases, and wonder what on earth this is describing.

Just what is a lease regear, and what does it mean?

In short, a re-negotiation of the lease so that there’s a benefit for both the landlord and tenant.

Often this means that it extends longer to have a reduced rental level now. Therefore, you tend to define a lease regear by what the two parties want out of the property interest – the landlord, and tenant.

So, one will trade-off one factor of the lease, to benefit another; and the other vice versa, on hopefully a mutually beneficial basis.

It’s not that either party has to do any of this. After all the current lease is a set...

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Lease Renewals for Commercial Business Premises, and Landlord & Tenant Act 1954

lease renewal commercial business property landlord tenant act 1954In terms of what is a lease renewal at a commercial property, then it’s basically agreeing to a whole new lease for a tenant to continue occupying a property for their business.

It sounds simple, and in actual fact, it is – a new lease.

What can confuse this is talk of maybe an extended or ‘holding over’ lease, or even ‘re-gearing’ a new one.

These are more about changing or stretching-out the current business lease, whereas a lease renewal is a brand-new lease into the future.

checklist small property management guide CLICK HERE to immediately download a Fact Sheet document answering the 5 key factors regarding commercial property lease renewals.

Here is a video of five key factors to appreciate these lease renewals:

 

The ‘1954 Act’...

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The Low-Down Property Heads of Terms for Leases & Sales

heads of terms leases property management guideHeads if terms can be referred to when you’re looking to take a lease at a property, particularly with commercial premises rather than a usual short-term ASTs with residential property. They can also appear when preparing for a freehold or leasehold sale of whatever property interest.

They are not as complicated or legally applicable as you might think, however, we still an important document to get right and not waste time and money on getting these correct - particularly when solicitors are involved.

Therefore, here are a few common questions about them answered, followed by seven key elements you find in them.

Heads of Terms Questions

What are Property Heads of Terms, And What Do They Mean?

Basically, a summary of the agreement...

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Leases & Titles

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