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Repair Covenant
Covenants in a lease are the terms of the contract between the
landlord and the tenant and they specify responsibility for
matters arising out of the lease.
Normally, a lease will make express provision for one party
to repair and maintain the whole or part of the demised premises
and for the other party to repair and maintain the remainder.In
short leases the landlord will often be directly responsible,
while in long leases the tenant will usually take on the obligation
for repair and maintenance.
For leases held in respect of premises that form part of
a larger building, it is frequently the practice to require
the tenant to keep the interior repaired, while the landlord
is responsible for the exterior and common parts and the structure
of the overall building.
The landlord will often seek to recover the cost of fulfilling
this liability by way of a service charge.
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Before you go office
hunting, make sure you have defined your space needs and service
priorities. Global Office Search can help you determine your
exact space requirements, locate the commercial properties that
best fit and help you negotiate favourable terms. |
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Global Office Search
Global Office Search
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property and land in London and throughout the UK. |
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warehouse, distribution or industrial space, and we represent
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process, we offer an informal meeting to assess the realistic
options of selling or letting existing commercial property
or finding more suitable alternatives. |
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but you decide what happens next. |
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