Taking a lease on a science park? How to overcome financial pitfalls. The third blog in the series from Giorgia Clements, Penningtons Manches Cooper LLP
In our previous blogs looking at financial pitfalls in leases we explored financial traps for tenants resulting from the rent review process, service charge liability, and dilapidations claims. In this third blog, we explore the lesser considered financial liability...
Taking a lease on a science park? How to overcome financial pitfalls. The second blog in the series from Giorgia Clements, Penningtons Manches Cooper LLP
In our first blog addressing financial pitfalls in leases, we focused on rent review. Here we will explore two more common areas within commercial leases that contain potential pitfalls: service charge and dilapidations liability. Service charge When letting only part...
Taking a lease on a science park? How to overcome financial pitfalls
If you have or are about to take a lease at a science park, your mind will no doubt be focussed on the financial impact of that lease, especially around headline rent and service charge. But leases contain a plethora of lesser-known financial obligations or pitfalls....
Is your science park MEES-ready?
Since Phase 1 of the Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015 came into force back in 2018, landlords and their solicitors have become accustomed to the practice of providing an EPC to a tenant on the grant of a lease, and to...
Laura Gorman, Senior Associate, Penningtons Manches Cooper LLP on letting premises to start-up’s
We recently considered the increasing commercial necessity for landlords to understand a start-up’ priorities. We now look at the first (and perhaps most important) of these: cost certainty. Budget restrictions makes it important for new businesses to plan overheads. ...
