Lease vs Licence vs Tenancy at Will: What’s the Difference?
When it comes to occupying commercial property, three common types of occupational arrangements exist: leases, licences, and tenancies at will. Though often referred to interchangeably, each has distinct legal characteristics and implications, which are explained below. Lease A lease is a legally binding contract granting exclusive possession of land or property for a determinable period, […]
Tenant’s Repair Obligations in Commercial Leases
When entering into a commercial lease one of the key considerations for both landlords and tenants is understanding their respective obligations regarding repairs and maintenance. Repair obligations can often become a point of dispute if not clearly defined in the lease, as well as a source of significant financial liability. What does ‘Repair’ mean? Repair […]