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How to Do a Lease Renewal – Part 5

Michael Lever examines tenant alterations in leased agricultural and commercial properties, categorising them into consent-based types. He discusses their impact on rent valuation, lease terms, and legal frameworks, emphasising clear communication and adherence to legal procedures for both landlords and tenants.   After the lease was granted, the tenant might have altered the premises. Alterations fall into four categories: (1) those that have the landlord’s consent, (2) those that do not, (3) those in pursuance of an obligation to the…

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