Negotiating & Revising Commercial Leases in Scotland

Introduction

This course is aimed at solicitors who work on commercial leases as well as for purchasers and lenders of properties that have an income producing lease. It will provide in depth knowledge so as to enable practitioners to advise their clients and to negotiate, revise and agree with confidence transactions involving the grant of commercial leases and loans to be secured over properties that have the benefit of proposed or existing lease documents.

There is a real danger for practitioners in failing to spot and appreciate important issues that can impact significantly on the selling landowner's position or that can adversely affect the developer. The course, delivered in a workshop format, will consider tenant's revisals, landlord's counter-revisals and commonly found compromises.

What You Will Learn

This course will cover the following:

• Heads of Terms
• Definition of premises and common parts
• Rights and reservations
• Repairs - and how to use a schedule of condition
• Dilapidations
• Insurance
• Uninsured risks
• Assignation and sub-letting
• Guarantees
• Irritancy
• Rent review clauses and inflation linking
• Service charge