A SIXTH-FORM centre has had to seek new premises to meet the demand for places. Governors of Gilesgate Sports College and Sixth Form Centre in Durham are to lease a nearby office building to house its business department.
Heads of terms are key to lease deals. They do not form legally binding contracts but set out the basic commercial terms between the parties. Once agreed, it can be exceedingly difficult to seek to re- negotiate a term that had previously been agreed at heads of terms stage. It is important not to commit anything to writing or agree heads of terms without advice from a specialist commercial property lawyer.
... and publicity: For a tenant's business, it should be allowed. * Use: User clauses in leas...
QI am looking to expand my business and open up a number of shops over the next year, what are the main differences between High Street and shopping centre units? A Last month Mary Portas was presented with the largest-ever independent study of retail tenancies as she continues work on the Government's High Street review. The growing number of vacant shop units in our towns and cities is already well documented, although it has also brought opportunities for acquisitive and expanding retailers who have more choice than ever when choosing new premises. This has led to falling rents in many locations, with landlords continuing to be flexible on lease terms to secure occupancy; a working knowledge of how these factors may influence your business is vital. The relationship between tradition...
...'s main shopping centre, the Regent Arcade, forms a key part of an established 'shopper loop' betwee...
... such leases; to provide for payment to former owners of land of compensation for loss of it on c... the middle market price at the close of business last preceding the appointed day, produce an annua...
Birmingham's fastest-improving school has celebrated the best exam results in its 40-year history, by moving into an impressive pounds 21 million campus in Perry Barr - thanks to the Birmingham Lend Lease Partnership. Lend Lease, as developer has completed a massive building and refurbishment programme at Broadway, a community secondary school and sixth form, and one of the first of 20 schools to benefit from an ambitious long-term partnership with the city council.
PUPILS put a Liverpool station back on track by decorating the dirty and vandalised platform with plant pots and flowers. A group of A Level business students at Archbishop Beck Catholic Sixth Form teamed up with local primary schools to give Rice Lane Station a new lease of life.
IN the past, landlords were able to require long leases of 15 or 20 years with guarantees and onerous repairing obligations. Changes to rating laws and the moribund commercial property market have seen these attitudes change - but will these conditions last? I believe a well-advised potential tenant should, in all but the most desirable locations, be able to negotiate some form of rent free period on any new lease. How long this period is can be based on the length of time it will take to fit out the property or may extend to a multi-year incentive to take the lease on.
... must be fantastic news for start-up businesses, which can face rapid expansion or contraction dep...
THERE are still signs of activity across all sectors of the commercial property market in South Wales, reports William Hunt of Lambert Smith Hampton. However, occupier demand is still considerably below the levels reached in 2006/07. As a result, there is an excess of vacant retail, office and industrial premises. During these uncertain times, prudent landlords will safeguard against losing their tenant. They will reinforce their relationship to limit or even eliminate the risk of an empty building, which not only means a loss of income but also the financial liabilities, including insurance, business rates and maintenance costs. Likewise, a wise tenant will regularly review their business model and closely consider their outgoings, of which occupational costs (rent, etc) will form a co...
A lease re-gear may be the solution for both parties. Ther...
M2 EQUITYBITES-January 4, 2011--CRISIL reiterates PVR's debt rating at A+ with "stable" outlook (C)1994-2011 M2 COMMUNICATIONS http://www.m2.com
...'s strong brand in the film exhibition business, healthy operating efficiency, and healthy financi... the company adds new screens and retail formats, such as bowling alleys, over the medium term. PVR...In the same year, the company acquired on lease a single-screen cinema hall, Anupam, at Saket, and...
BANKING AND CREDIT NEWS-January 4, 2011-CRISIL reiterates PVR's debt rating at A+ with "stable" outlook (C)2011 M2 COMMUNICATIONS http://www.m2.com
...'s strong brand in the film exhibition business, healthy operating efficiency, and healthy financi... the company adds new screens and retail formats, such as bowling alleys, over the medium term. PVR...In the same year, the company acquired on lease a single-screen cinema hall, Anupam, at Saket, and...
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