Plp sgs 11 notes - Study guides, Class notes & Summaries
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PLP SGS 11- Summary Notes
- Summary • 4 pages • 2023
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CONTENTS OF A LEASE 4 
RENT 
Market rent lease (rack rent lease) – typically 35 or 10 years long and will reserve a substantial monthly 
or quarterly rent 
Long lease (ground rent least) – usually a minimum of 99 years, will be granted for a premium and will 
reserve only a nominal rent 
Tenant may try to reduce the amount of rent it pays, e.g. if the landlord is in breach of its repairing 
obligation and the tenant has to carry out repairs itself → the landlord may try to stipulate that t...
-
PLP SGS 11- Summary Notes
- Summary • 4 pages • 2023
-
- $8.99
- + learn more
CONTENTS OF A LEASE 4 
RENT 
Market rent lease (rack rent lease) – typically 35 or 10 years long and will reserve a substantial monthly 
or quarterly rent 
Long lease (ground rent least) – usually a minimum of 99 years, will be granted for a premium and will 
reserve only a nominal rent 
Tenant may try to reduce the amount of rent it pays, e.g. if the landlord is in breach of its repairing 
obligation and the tenant has to carry out repairs itself → the landlord may try to stipulate that t...
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