‘In the open market, it is standard practice to grant to an incoming tenant a rent-free period for a minimum period of three months,’ Catherine Taskis QC and Anthony Tanney write in NLJ this week
The reason is to give the tenant time to fit out the premises for their new business. However, thorny questions have arisen.
One issue is whether a discount should be applied where a tenancy is being renewed to reflect the lack of a rent-free fitting out period. On this issue, there are conflicting county court decisions. Taskis and Tanney sort through the issues.
