Leases of commercial premises are highly technical documents. This course covers both the basic principles that the parties and their agents need to determine for their 'Heads of Terms' and the detailed issues that can arise when the wording of a lease is being drafted.

Course Content

  • The 2007 Code for Commercial Leases
  • The terms you should seek when letting as a landlord and the terms you can accept when taking a property as a tenant
  • What is possible in practice in the current market and what is now usual
  • Procedures for excluding the 1954 Act
  • The length of term and security of tenure
  • Tenant/guarantor liability
  • Assignment and subletting
  • Rent review
  • Repairs and service charges
  • General tenants' covenants
  • Insurance
  • Mistakes to avoid

For all letting agents, property managers and solicitors responsible for drafting commercial leases.

Learning Objectives

By the end of the course you will be able to:

  • Understand and interpret the terms in a lease, including repairing covenants, service charges, rights to sub-let and assign and provisions for reviewing rent
  • Know how to draft and evaluate the contents of a 'Heads of Terms' agreement
  • Understand the 2007 Code for Commercial Leases
  • Appreciate current market practice
  • Evaluate the impact of the Landlord and Tenant Act 1954
  • Evaluate the relevance of guarantors and sureties

What others say

Good content and sound explanation for anyone dealing with commercial leases. The notes provided were very helpful.

Property Manager
Atlas Property Letting & Service Ltd

Very informative with clear explanations - I would recommend to my colleagues.

Property & Estates Administrator
Port of Dover

Philip was very knowledgeable on the subject, providing ad-hoc detail to the course notes where relevant. For someone who is new to the subject of commercial leases, the course was enlightening!

Finance Director
Fred Olsen