What does Interim rent mean? The rent a business tenant pays for the holding‑over period after the contractual term ends but before a new tenancy is granted or the dispute is resolved. In England and Wales, this is a statutory concept under the landlord and Tenant Act 1954. While the tenancy continues under section 24, either landlord or tenant may apply for an “interim rent” order (section 24A) after service of a section 25 notice or section 26 request. The court assesses the interim rent by reference to the statutory test and market conditions, and makes it payable for a defined period, typically...
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This Practice Note explains what Interim rent means, when and how an interim rent application can be made under the Landlord and Tenant Act 1954 (LTA 1954), the ways of calculating interim rent, and the impact on an interim rent application if lease renewal proceedings are discontinued...
Interim rent is the sum which, under LTA 1954, s 24A, a tenant must pay while its tenancy is continued under LTA 1954, s 24. For the conditions that must be met for a Business tenancy to continue under s 24, see Practice Note: LTA 1954 business lease renewal—termination...
Note there is no entitlement to apply for interim rent where a tenancy is continued under:
Either the landlord (as defined in LTA 1954, s 44—see Practice Note: LTA...
When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...
This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...
Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...
I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...