Commercial insurance Subletting

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    Commercial insurance Subletting

    Is there anyone who is a landlord and uses an insurance co that allows the tenant to sublet but only for the specific purpose of offices please?

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  • Reply to Investment Purchase with Unregistered Lease
    by Lawcruncher
    Oops! Had a mental aberration and read 2020 as 2010. In that case no need for a new lease unless the Land Registry insists on it. If they do a short confirmatory lease should do the trick. The tenant should register the lease if told it is only equitable until registered....
    28-05-2022, 19:48 PM
  • Investment Purchase with Unregistered Lease
    by jaymondo
    Hi,
    We're looking at purchasing a commercial investment. It has a 10 year lease which commenced in 2020 but we've just discovered the tenant failed to register the lease with land registry. Any thoughts / options / advice appreciated.
    27-05-2022, 08:43 AM
  • Reply to Investment Purchase with Unregistered Lease
    by jaymondo
    Thank you all for your responses.

    Lawcruncher,
    The lease ends Dec 29 so remaining term is still greater than 7 years (albeit that there is a break in 24). Sounds like a new lease is the best way forward else the seller would have get the tenant to write to land registry to get agreement...
    28-05-2022, 10:27 AM
  • Reply to Investment Purchase with Unregistered Lease
    by Lawcruncher
    CStevens,

    The seller cannot register the lease as he is not the tenant. The tenant cannot register the lease as it has less than seven years to run and has passed its term date. A new lease needs to be granted. That would be advisable in any event in a case where the term date has passed....
    28-05-2022, 06:20 AM
  • Reply to Investment Purchase with Unregistered Lease
    by CStevens
    you should obviously ask the seller to register the lease before you purchase. Even though they are out of time the land registry can agree to register it in any case (their discretion) but i have seen applications like this accepted provided that the applicant sends a letter to the Land Registrar...
    28-05-2022, 01:17 AM
  • Reply to Investment Purchase with Unregistered Lease
    by rentreviewspecialist
    If a lease which ought to have been registered is not registered within the prescribed time limit it takes effect as a contract to grant the estate. It is therefore only the grant aspect that is affected; the contractual obligations of the parties remain intact.

    The potential consequences...
    27-05-2022, 13:17 PM
  • Reply to Investment Purchase with Unregistered Lease
    by Lawcruncher
    Well, the lease cannot now be registered. If the tenancy has the security afforded by Part II of the Landlord and Tenant Act 1954 it is continuing. However, it would seem that the tenant only has an equitable lease. That may present a problem in that certain steps, such as serving notices, may not...
    27-05-2022, 10:31 AM
  • Reply to Shop Change of Use
    by BlindingLights82
    Dog Groomers fall under Sui Generis within our local council (this was even in 2021 after the use class changes). I would suggest contacting your local planning authority and get something in writing from them. If they say it's a Sui Generis then absolutely get planning permission before you allow it...
    27-05-2022, 09:22 AM
  • water
    by adele72
    Hi im just looking for advice,i rent a commercial property,the tenant above has just moved out and informed me ive been paying his water for the last 18 years,both properties were managed by a letting agency,can i do anything?thank you in advance
    26-05-2022, 14:16 PM
  • Reply to Shop Change of Use
    by Another Fine Mess
    I found that when I was a tenant of Business Premises that with both of my leases (different Local Authorities) that they insisted that I pay them for their Legal Fees for the creation of the leases, And having also been a landlord of shops I would do the following if you dont mind my suggestion....
    26-05-2022, 08:36 AM
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