Legal and Regulatory

Question 1

Finnieston Street- What kind of lease was used and what were typical lease clauses?

Answer 1

IRI

Question 2

Fin- What was the main lease clause you discussed and how did you present this to the Client.

Answer 2

If any alterations are to be removed the Tenant must be informed at least 3 months prior to lease end. I was instructed at month 2.
Decoration
Repair
Renew
Yield up
Comply with statue
Not to sub let
To pay Landlord’s costs
To use for use permitted
SOC

Question 3

Fin- How did negotiations look?

Answer 3

USED A SCOTT SCHDULE
Opposing surveyor explained areas of work they had done. Then we disagreed on a few rates. BCIS and previous tender rates were used.

Question 4

FIN- How did you come to an agreement?

Answer 4

Using BCIS and previous tender rates I was able to be confident that most of the costs were realistic enough for the Client to then go do the works and no be short on money.

Question 5

FIN- Who recommended the settlement figure and how was it done?

Answer 5

Phoned them to explain and then sent it in an email. Highlighted that rates and breaches were generally reasonable.

Question 6

Udd-Who issued the schedule of condition?

Answer 6

Me

Question 7

Udd- What did you disagree on and what needed changing?

Answer 7

Decoration was poor in areas however had been recently painted. I said it was in poor condition not good condition however opposing surveyor wanted it as good as it was recently decorated. We agreed to state it was in poor condition however had been recently painted.