Commercial Leases · glossary

Common parts

The shared parts of the office block that are not let: the entrance hall, the stairs, the landings, the yard and the car park. Fellgate keeps them clean and in repair, and Linnet pays half the cost through the service charge. Schedule 1 gives Linnet the right to use them. Definition: Common Parts · Chapter 5 · see Service charge, Lease of part

Explained in Chapter 5, Service Charge and Insurance, of Commercial Leases.

How it comes up, in Chapter 5
The shared parts are the Common Parts: the entrance hall, the stairs, the landings, the yard and the car park. Clause 6.4 also makes Fellgate keep the shell of the block in good repair, and puts that cost in the same pot.
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As defined in the training lease
the entrance hall, staircase, landings and other parts of the Office Block that are not let and are used in common, and the yard and the car park;
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Where this term lives

This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Commercial Leases → · All terms A–Z →