Murray Beith Murray LLP is a leading Scottish private client law firm.
For 175 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.
Murray Beith Murray Partner, Bill Meldrum, writes in The Scotsman today. Read the full article below, republished by kind permission of The Scotsman.
A full repairing and insuring (FRI) lease is the most common form of commercial property lease in Scotland. Its main purpose is to transfer the Landlord’s common law responsibility of repairing, maintaining and insuring the property on to the tenant. This article will explain the function of an FRI lease and explore the ways in which an experienced legal representative can advise as to how to best protect a tenant’s and landlord’s best interests under an FRI lease.
In order to bring a commercial property lease to an end, clear advance notice of a party’s intention to terminate the lease must be given by one party to the other within the specified statutory timeframe. Where neither party serves the termination notice within the specified timeframe, the lease will continue to run on an implied re-lease with the same terms and conditions as the original lease due to the doctrine of ‘tacit relocation’.
Property disputes are an inescapable part of the commercial property world and can affect any property or agreement. When they do occur, disputes tend to be time consuming, stressful and expensive.
Murray Beith Murray Partner, Bill Meldrum writes in The Scotsman today about five key principles that should focus landlords’ minds around how they interact with commercial tenants.
