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.

 

Break Options and Clauses Within Commercial Lease Tenancies

break option clause lease tenancy property management guideBreak options and clauses are a popular addition to leases of commercial properties; a handy addition to any lease agreement or contract in real estate that is beneficial for a landlord and tenant.

In the main, you see them most in regular lease agreements of commercial and business premises with a break option in there. However, they can still be within residential longer leases and shorter-term agreements.

What is a Break Option Clause?

When looking at what a break option clause means - they allow one party to terminate the lease agreement before the end of the natural term.

So, the lease may be five years long, however, a landlord or tenant may have the option to end or break the lease after say the third year.

But in terms of what...

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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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Leases & Titles

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