Jurisdiction(s):
United Kingdom

Key definition

Premium definition

What does Premium mean? In legal and financial practice, premium describes an amount paid above a reference value, or the contractual price for cover or rights. It is a descriptive term used across contexts rather than a single statutory definition; its precise meaning depends on the relevant contract, instrument or statute. Capital markets: for securities trading above par, the premium is the excess over par value. A redemption or call premium is the extra sum payable to redeem callable securities before maturity. The term is also used for a margin or spread above a benchmark rate or price (for example, a yield premium over gilts). Corporate/M&A...

Unreasonably withheld retrospective consent for tenant alterations

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Published by a LexisNexis Property expert

Q&As

The answer on the contractual provisions in the tenancy agreement.

On the face of it, the tenant must secure consent before commencing any works. Where that applies, the tenant cannot compel the landlord to grant consent after the fact for alterations, save where the landlord chooses to agree. Should the landlord decide to issue consent retrospectively for any alterations, the landlord will set out the conditions and requirements on which such consent is given. These may include timing, scope, reinstatement, and any associated costs...

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Kate Andrews

Hamlins

Kate is a partner in the Property Litigation department at Hamlins LLP and advises on a wide variety of contentious property-related matters. Her main area of practice is contractual and development disputes, including specific performance claims, injunctions, rights to light, insolvency issues, Party Wall Act disputes and the redevelopment of business premises. She also deals with dilapidations, service charges, applications for consent, rent reviews and other landlord and tenant issues. Kate trained with Nabarro, qualifying in 2003. She joined Hamlins as a partner in 2014....

Web page updated on 27/05/2026

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