Warehouse Leases - Advising on the Practical Issues for Occupiers

Introduction

As industrial and logistics premises accounting for nearly 690M sq ft of space, business and clients in all sectors and of all sizes are impacted by the need for this space. Whether the occupier is a logistics provider themselves or a supplier or customer looking at the costs and arrangements of these premises, the need for both certainty and flexibility in these arrangements is greater than ever; not least due to the capital expenditure in making these premises fit for purpose.

This virtual classroom seminar will address some of the key practical issues that occupiers will face when taking a lease of this nature and how to ensure that the legal protections are in place so as to derisk and maximise the use of the asset for occupier clients.

What You Will Learn

This live and interactive course will cover the following:

• A brief background and update of the current industrial/logistics market
• The importance of working with the clients and the agents on the Heads of Terms
• Alienation & the importance of being able to share space in the current market
• Repair and redecoration - what to consider on the way in and on the way out of a property; impact on yielding up and dilapidations (exclusions and qualifications to look out for based on the characteristics of the property)
• Alterations inside the building and in the yard - future proofing, what could and should you be asking for? Impact of the telecoms Act 2003
• Security requirements (what is your client using it for)?
• Environmental liability and green leases
• The relationship between a PPA and lease of airspace and the proposed or current lease of the property

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.