Status:
Maintained
A full repairing and insuring lease of one or more floors of an office block. The landlord retains all external and structural parts of the building and insures. Comprehensive service charge provisions are included that comply with the RICS 2006 Code of Practice on Service Charges in Commercial Property (Service Charge Code).
The lease has been specifically drafted to comply with the Code for Leasing Business Premises in England and Wales 2007 (Lease Code 2007). However, some issues are open to interpretation and for a proper understanding it is important that the lease is read in conjunction with the Drafting note.
PLC Property has set up a PLC Wiki as a pilot to promote discussion on the Lease Code 2007 and the Service Charge Code. If you would like to contribute to the debate follow this link to the
PLC Property wiki.
PLC Property has now published a document containing all of its seminar materials on the Lease Code 2007:
Business Lease Code - the impact so far? Seminar notes, November 2007.
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