A delicate balancing act
Most practitioners are aware that when it comes to agreeing a tenant’s covenant against alterations the landlord has to weigh the benefits of retaining control against the danger that the consequent restrictions will have a depreciatory effect at rent review.
The fancy footwork required at the negotiating stage has been brought to life in a dramatisation presented by Andrew Wade and Sarah Hind, of Lawrence Graham: see
For one reader at least, the big eye-opener was the array of statutes, not forgetting the Disability Discrimination Act 1995, that can, to varying degrees, override the wishes of the parties.
A delicate balancing act
Most practitioners are aware that when it comes to agreeing a tenant’s covenant against alterations the landlord has to weigh the benefits of retaining control against the danger that the consequent restrictions will have a depreciatory effect at rent review.
The fancy footwork required at the negotiating stage has been brought to life in a dramatisation presented by Andrew Wade and Sarah Hind, of Lawrence Graham: see Piece together the alternatives on alterations Estates Gazette 28 September 2002, p146.
For one reader at least, the big eye-opener was the array of statutes, not forgetting the Disability Discrimination Act 1995, that can, to varying degrees, override the wishes of the parties.
