Subleases in commercial property – the key issues

Underletting in commercial property can be a complex area, full of potential pitfalls. Securing the necessary consents and navigating the legal and practical challenges has been the subject of extensive litigation. This webinar will highlight key issues that commonly arise and provide practical guidance on how to manage them effectively.

Topics covered include:

• Obtaining landlord’s and superior landlord’s consent
• The Alienation Property Protocol
• Statutory provisions
• What is ‘reasonable’
• Valid objections
• Terms of underlease
• Terms of licences to underlet
• Undertakings for costs
• Rent reviews
• Rent – underlettings at market value where lower than the passing rent
• Security of tenure