Commercial Leases are lengthy documents and it is extremely important that both the landlord andtenant are fully aware of what the lease contains particularly in the case of a tenant where someobligations can be drafted to be quite onerous
Under section 87 of the Property Services (Regulation) Act 2011 tenants under a commercial lease granted on or after 3 April 2012, or a person authorised by the tenant, is required to submit particulars to the Property Services Regulation Authority at 3 stages in the term of the lease as follows:
On termination of a lease, a tenant may be served with a schedule of dilapidations. This is essentially a schedule containing details of the tenants breach(es) of its repair obligations contained in the Lease
For further information please contact Cosgrove Gaynard Solicitors by calling 01 6139191, by emailing us at firstname.lastname@example.org or by filling out our online contact form. Your enquiry will be forwarded to a solicitor who specialises in Commerical Property.