Saturday, 14 December 2013

Repairing covenant

If you are taking a new lease as a tenant of a commercial premises and you are worried about the extent of your obligation to repair the property, then we suggest you consider attaching a photographic schedule of condition to your commercial lease. This way you can qualify your repairing covenant so that you are not obligated to put the property in any better state of condition and repair  than that which evidenced by the schedule of condition attached to the lease. This is something you should keep in mind when entering a commercial lease. 

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