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Legal Issues in a Commercial Lease: Arrears of Rent and Repair Covenants

   

Added on  2023-06-18

7 Pages2031 Words356 Views
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Lease by deed to Ted Ted
covenanted to pay rent carry
out repairs
Legal Issues in a Commercial Lease: Arrears of Rent and Repair Covenants_1

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK ..............................................................................................................................................3
a) Is Ted liable for the arrears of rent Advise on all relevant issues and procedures..................3
b) Is Azim liable for the repair and user covenants....................................................................4
c) What remedies are available against Azim for breach of the repair and user covenants........5
d) How would your answer to parts a and b above differ if the lease had been granted in 1995
.....................................................................................................................................................6
CONCLUSION ...............................................................................................................................6
REFERENCES................................................................................................................................7
Legal Issues in a Commercial Lease: Arrears of Rent and Repair Covenants_2

INTRODUCTION
Lease deed is that kind of legal document which is been used in order to mark out terms
and conditions within which property is been leased out. The lease deed contains all information
regarding lessor, lessee, tenure of lease, payment over lease and other terms which is to be
followed by both lessor and lessee within the term of lease. Such deed is been used for making
property which is been given over lease attain legality within the eyes of law. It is mainly used in
order to make all kinds of leased payment done on time. Scope of these laws are wider as they
cover various aspects which is related to lease taking place between lessor and lessee. Nature is
dynamic as it directly affects lease deed. In this file things covered is based over arrears of rent
and remedies are available for breach of the repair.
TASK
Case study: In 2018 Layla has registered proprietor over commercial unit which is
granted over 20 years of lease which makes deed to be carried out over repairs which is used for
the premisses of business purpose only Earlier this year Ted is been assigned to Azim and he did
not pay rent for six months and refused over carrying out repairs and has been using premises
over dwelling. With full reference to legal authority advise Layla on the following:
a) Is Ted liable for the arrears of rent Advise on all relevant issues and procedures
The above case scenario shows that the main topic of discussion is lees of deed which is
an instrument that is been used over land or premises that has been rented to the owner over
fixed period of time. In this leasee is having exclusive used of land over premises during the term
of lease subject over conditions contained over lease(Decker, 2017). This is covered within the
legislation that is property act 1925. The key policies of the act is to reduce over number is legal
estates within which freehold and leasehold of been generally made over the transfer of interests
within the land easier for purchases. In this other policies is been regulated over mortgage and
leases making regulation over assignment over tackling some of the short coming of law within
the property law. Innovation is been included over default creation upon easement within section
62 making denial over asses and statutory applications to be covered over very long leasehold.
In the above case it can be observed that Section 25A is been applied. It says that the amount of
arrears of rent received form tenant that is unrealised over making subsequently from tenants. In
the case assesses should be deemed over income from house property in respect of financial
Legal Issues in a Commercial Lease: Arrears of Rent and Repair Covenants_3

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