A new leasing bill provides some clear rules to a complex feature of Scots law, writes KATIE CORRIGAN Three years ago we highlighted the risks inherent in the automatic renewal of commercial leases (known as tacit relocation) and noted that the Scottish Law Commission had recommended reform to this peculiarity of Scots law. Now change […]
tacit relocation
Lease law facing a modern makeover
Aspects of the leasehold market are being reviewed Changes are being recommended to a peculiar Scottish legal term, says ELOISE ROBB Question: a tenant signs a commercial lease, in Scotland, for a 5-year term. The commencement date is 1 January 2020 and the end date 31 December 2025. When does the lease end? Answer: Maybe […]