The Practical Lawyer

If L is planning to sell a property subject to leases, then almost certainly a data room will be set up containing all relevant documents.

Many Ls take the view that the CVA (company voluntary agreement) regime is being abused by poorly performing retailers.

Rent under a lease may well be indexed – in which case, it is likely to be by reference to the retail price index (RPI).

Property clients should be aware that GDPR may apply in unexpected circumstances.

T could not apply for planning permission without L’s consent (not to be unreasonably withheld). How was such a provision to be interpreted?

As we noted in the May 2018 issue (p21) there is increasing attention on the position of Ls when a company voluntary arrangement fails.

If a notice has to be served in relation to a lease then ensure that you do actually check the precise notice provisions within the lease.

A few points on drafting rent reviews, especially in the context of indexed rents:

This table summarises the steps to be taken when advising L on an unopposed lease renewal (ie L has served notice under s25 LTA 1954).