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United Kingdom - May 30 2012
Break options are a well-established feature of leases, but whereas, in the past, they may have been more of a "nice to have", given the flexibility they bring, their practical importance in recent years has been brought into sharper focus in a market of low occupier demand, where break options may be "played" by either party to a lease to achieve an advantage, or, perhaps, the least worst outcome in relation to the occupation of the premises in question.
United Kingdom - October 31 2011
Since 4 January 2009, it has been a requirement in Scotland to obtain an Energy Performance Certificate for a building when it is sold or rented.
United Kingdom - May 30 2011
The recent decision in the Scottish case of Co-operative Insurance Society Limited v Fife Council [2011] CSOH 76 has called into question the ability of Landlords to contract out of extraordinary repairs in FRI (tenant's full repairing and insuring) commercial leases.
