Case study

Question 1

EPC rating?

Answer 1

C

Question 2

Define E Class

Answer 2

Commercial, business and service

Question 3

Length of leasehold?

Answer 3

993

Question 4

what is an FRI lease?

Answer 4

tenant repsonsbile for repairing interior and exterior and insurance

Question 5

Minimum ceiling height?

Answer 5

2.4m office

Question 6

What are the elements of FRI lease?

Answer 6

Tenant responsible for external and internal repairs / redecoration, insurance

Question 7

when was the Victorian era?

Answer 7

1837-1901

Question 8

What are non structural alternations?

Answer 8

cosmetic / functional eg redec, lighting

Question 9

+ & - of a SC?

Answer 9

helps the upkeep of the building
possible sinking fund

large cost for tenant

Question 10

What was included in the SC?

Answer 10

-building insurance
-Contribution to external redecoration

Question 11

What is the hierarchy of evidence?

Answer 11

-open market
-lease renewal
-rent review
-independent expert
-arbitration
-court determination
-sale and lease back

Question 12

What would you class as a strong covenant?

Answer 12

Profits test
profit x3 rent