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Hay & Kilner bags a big deal for Big Lukes
25 Apr 2012ONE of the North East’s most popular restaurants has strengthened its commitment to the region by signing a 10-year extension of its lease on one of its two prime commercial properties. In 1990 Big Lukes became the first ‘all you can eat’ buffet on Tyneside and has been dishing out great quality and great value food [...]
Is it a lease or a licence?
09 Apr 2012Granting a licence can appear to be a quick, cheap and handy method of allowing somebody to occupy business premises, particularly where a short-term arrangement is being considered. With so much empty business space and landlords competing for occupiers, it can be tempting to secure an occupier regardless of the terms, particularly if the landlord [...]
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Online trading – get the detail right
01 Mar 2012Jonathan Waters, a partner in Hay & Kilner’s company commercial team, advises businesses on the importance of putting in place correctly drafted terms and conditions, particularly when trading online. This follows Tesco’s recent advertisement of the ‘£50 iPad’, which saw the new Apple product go on sale on the company’s website for only £49.99. News [...]
Servicing service charges
20 Feb 2012In these straitened times and with the next quarter day’s payment of rent due shortly, service charges in commercial leases need to be looked at ever more closely. Disputes have led to complete a breakdown in relations between landlords and tenants in the past, and resulted in costly court cases. Two cases illustrate the need [...]