Owen White act on £100m Joint Venture for Bovis Homes
At Owen WhiteOwen White acted for Bovis Homes in connection with the creation of a 50:50 joint venture between Bovis Homes and The Riverside Group.
Many landlords seek to prevent tenants from altering the property by including provisions in the lease which prohibit alterations without their consent. However, landlords may not have as much protection as they might think. Alterations that are “improvements” are subject to special rules that override what is said in the lease.
“Improvements” are works which add value or increase the usefulness of the property. Notably, that is determined from the view point of the tenant.
The key rights for the tenant under the Landlord and Tenant Act 1927 are:
For further advice on this issue please contact our Commercial Property team.
Senate House, 62–70 Bath Road,
Slough, Berkshire, SL1 3SR