Turnover rents are increasingly common in retail lettings. In challenging times, they appeal to tenants because both the landlord and tenant share the risk of trade being adversely affected by the state of the wider economy. Landlords would prefer a guaranteed fixed rent but may have to agree to a turnover arrangement in order to…
If you are a business tenant, a break clause in your commercial lease gives you valuable flexibility to move out if circumstances change, but the law on break clauses is full of traps for tenants. If you want to be certain of ending your lease successfully, you must pay attention to all the details and…