Commercial Leases · glossary
Schedule 2's instructions to the surveyor. It assumes the floor is fit to use, both sides kept their covenants and any rent-free period has been given and expired. It ignores Linnet's occupation, goodwill and improvements it made with consent, not under an obligation to Fellgate and not at Fellgate's cost. Lease, Schedule 2, paragraph 2 · Chapter 4 · see Open market rent
Explained in Chapter 4, Rent Review, of Commercial Leases.
Paragraph 2 then lists assumptions, which are treated as true whether or not they are. It also lists disregards, which are treated as absent even though they are there. Each one stops a side from gaining from its own position or its own breach.Read Chapter 4, Rent Review →
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