Q: What should a landlord consider when preparing to grant a lease of commercial premises?

The Upwards Only Rent Review Bill continues to move through the UK legislative process and has recently reached a significant milestone. Having passed through the House of Commons, the Bill is now progressing through the House of Lords, where it is undergoing detailed scrutiny before it can move closer to becoming law.

We recently acted for a buyer of the freehold interest in multi-let commercial industrial unit. The property due diligence revealed that the recommendations from the risk assessments (FRA) had not been carried out.  The seller argued that the burden of complying with the FRAs was down to each occupying tenant under their respective leases and therefore would not go to the expense of implementing any recommendations arising out of the FRAs.