Plp sgs 11 notes Study guides, Class notes & Summaries
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PLP SGS 11- Summary Notes
- Summary • 4 pages • 2023
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CONTENTS OF A LEASE 4 RENT Market rent lease (rack rent lease) – typically 35 or 10 years long and will reserve a substantial monthly or quarterly rent Long lease (ground rent least) – usually a minimum of 99 years, will be granted for a premium and will reserve only a nominal rent Tenant may try to reduce the amount of rent it pays, e.g. if the landlord is in breach of its repairing obligation and the tenant has to carry out repairs itself → the landlord may try to stipulate that t...
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PLP SGS 11- Summary Notes
- Summary • 4 pages • 2023
- $8.99
- + learn more
CONTENTS OF A LEASE 4 RENT Market rent lease (rack rent lease) – typically 35 or 10 years long and will reserve a substantial monthly or quarterly rent Long lease (ground rent least) – usually a minimum of 99 years, will be granted for a premium and will reserve only a nominal rent Tenant may try to reduce the amount of rent it pays, e.g. if the landlord is in breach of its repairing obligation and the tenant has to carry out repairs itself → the landlord may try to stipulate that t...
