Science parks

Leases, licences and the growth of space on demand

The market for on demand space, such as hot desks, is growing. Start-ups, especially technology-driven businesses tend to start small and need very little space while they incubate. After that initial phase, if they succeed they tend to grow explosively and need lots of space quickly. These two contrasting needs mean that these businesses require great flexibility. This need for flexibility is fuelling the growth of the on demand space market.

What is a virtual tenancy?

People need space to live, businesses need space to work, technological advances mean that many businesses’ space needs are minimal. In an increasingly digital economy, certain businesses – especially fledgling or smaller businesses – can be run from a single laptop. This could be anywhere from a coffee shop to the entrepreneur’s kitchen table.

Break Clauses – the importance of getting it right

Break clauses are among the most heavily litigated items which appear in a lease and the cases over the years have demonstrated how careful you must be when exercising a break in accordance with the terms set out in the lease to ensure that it is valid. This article considers the recent Marks and Spencer’s case which, instead of looking at the exercise of the break, looks at what happens next.

An ESOS Update

In February last year, we outlined the eligibility criteria determining which organisations have to comply with the Energy Savings Opportunity Scheme (‘ESOS’) as well as drawing attention to the compliance procedure and penalties for non-compliance.

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