Structure and content of a lease

Question 1

What is a full repairing and insurance lease?

Answer 1

When the landlord gets all profits from rent, without having to use them for repairs or insurance

Question 2

s.19(1)(a) LTA 1927

Answer 2

implies that consent can’t be unreasonably withhold into any qualified covenant against assignment (converts it into a fully qualified covenant)

Question 3

s.19(1A) LTA 1927

Answer 3

allows the landlord and tenant to agree in advance on conditions in which it wouldn’t be unreasonable for the landlord to refuse consent (they’re deemed to be reasonable)

Question 4

s.1 LTA 1988

Answer 4

If there’s a qualified covenant against assignment and the tenant made a written application for consent, the landlord must within a reasonable time:
- give consent (unless reasonable not to), and
- serve on the tenant a written notice including any conditions on consent or reasons for withholding it

Question 5

Who is bound by the RICS code?

Answer 5

Members of the Royal Institute of Chartered Surveyors (not landlords, solicitors…)