Serving applications for landlord’s consent
By Simon Pestell
If you are a tenant under a commercial lease and wish to assign your interest, underlet, charge or part with possession, then you are likely to need your landlord’s consent.
If your lease includes a covenant not to assign, underlet, charge or part with possession without your landlord’s consent and that covenant is subject to a qualification that the consent is not to be unreasonably withheld, then duties will be automatically imposed on your landlord under the Landlord and Tenant Act 1988.
The duties are to: give consent except where it is reasonable not to do so; give consent within a reasonable time; give written notice of the consent decision (with reasons for any refusal); and pass on applications for consent to anyone whose consent is required under the terms of the lease (such as a superior landlord)…
Click on the link below to read the rest of the Shoosmiths briefing.
News from Shoosmiths
News from The Lawyer
Briefings from Shoosmiths
We are now starting to see more private companies looking to buy back shares as a means of managing share capital.
The government is consulting on a range of provisions in the EU Accounting Directive that could result in simpler accounting requirements for smaller companies.
Analysis from The Lawyer
Compliance and corporate governance codes for large financial institutions will undoubtedly include provisions to regulate high pay in the future
There’s more to the ABS model than attracting the man in the street and procuring external investment. Partners at the big corporate firms, take note…