Commercial Leases · glossary

Yield up

To hand the premises back at the end of the lease. Under clause 5.8 Linnet must give the floor back empty, in the repair, condition and decoration the lease requires, with any alterations removed that Fellgate's reinstatement notice requires. Lease 5.8 · Chapter 6 · see Repairing covenant, Reinstatement, Schedule of condition

Explained in Chapter 6, Repair and the Schedule of Condition, of Commercial Leases.

How it comes up, in Chapter 6
When the lease ends, Linnet must yield up the floor: hand it back to Fellgate in the state the lease requires. If Linnet breaks at year five, that happens on the break date.
Read Chapter 6, Repair and the Schedule of Condition →

Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.

Related terms

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 →