Dealing with Tenant’s Alterations at Lease Expiry

Increasingly tenants seek very flexible lease terms, on a range of matters including alterations. For the landlord, though, control over alterations remains highly important, and it is not always easy to strike a balance. All too often, too, when landlord’s consent to alterations is granted, not enough thought is given to what will happen in practical terms at the end of the lease.

The issues raised can be very problematic for tenants as well, when exercising break options, with the latest caselaw suggesting that stripping out too much can be just as bad as stripping out too little.

This webinar considers the implications of common terms in leases and licences to alter, against the background of the up-to-date caselaw, and gives practical guidance as to options on lease expiry.

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Learning objectives:

• How much stripping-out is ‘just right’?
• What control can landlords expect to have in modern leases?
• The role and relevance of reinstatement obligations
• Can a tenant remove tenant’s fixtures if the landlord forfeits the lease?
• How are fixtures dealt with when leases come up for renewal?
• Compensation for alterations