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Uncertainty in leases – Is it a vice?

Published online by Cambridge University Press:  02 January 2018

Susan Bright*
Affiliation:
Oxford

Extract

John owns a workshop which he wants to redevelop. Securing the necessary financing and obtaining planning permission will take a few months and in the meantime he is happy to let Mike use the workshop for E30 a week. They draw up a simple form of agreement whereby John lets the property to Mark at the agreed rent ‘until John is in a position to proceed with the redevelopment’. John and Mark are content with the arrangement: Mark has the security of knowing he can occupy the premises for several months; John is getting some income from the property.

Information

Type
Research Article
Copyright
Copyright © Society of Legal Scholars 1993

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