Dilapidations Lancashire-When to keep means to put. Rough waters ahead.

Rough waters ahead for ignorant tenants.

Sadly many commercial Tenants are ignorant of what their lease terms mean. If for one moment someone explains clearly  the innocuous phrase ‘to keep’ in repair means implicitly to ‘put into repair‘ that deal on cheap lease in a  leaky Victorian north-light factory does not seem so good. ‘To keep‘ means to put your hands into your own pockets and spend hard earned cash on putting the premises in repair.Great for the Landlord. Not so great for the Tenant.

To keep in repair?

Oh and do not think you can fold the Company to escape liability- most leases require the old PG–  the personal guarantee from Directors or others.

WOW (Words of Wisdom)

Always take professional advice from a Chartered Building Surveyor before Lease who can work with your Solicitor to ensure you do not unwittingly sign up to an onerous and costly burden. You now know it makes sense.


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