Update to version 1.4

Michael CallaghanMCL News

We have made a small but important change today (7 June 2019) to clause 2.4.6 in the leases. The interpretation provisions stated “…such approval or consent not to be reasonably withheld…” when it should clearly have said “not to be unreasonably withheld.”

The new versions of the lease have been numbered 1.4a.

Version 1.4 of the Model Commercial Lease

Michael CallaghanMCL News, Updated documents

From today, amended versions of the Model Commercial Lease (MCL) suite of documents are now available on the MCL website.

The main changes are to the service charge provisions.  The revised versions of the documents have been designated version 1.4.

The MCL Working Group is grateful to everyone who has provided comments and feedback.  Feedback will always be welcome.  Ideally please send comments in writing using the form on the Feedback/contact page on the MCL website.

Full details of the changes

A new page headed “MCL changes – April 2019” is now available on the Guidance section of the MCL website.  On that page, you will find links to:

  • an explanatory note that highlights the changes that have been made and, where relevant, the reasons for making them. It will assist those who wish to make corresponding changes to documents that they have created based on the MCL.
  • an explanation of the changes made to the boilerplate provisions
  • a PDF document that shows the changes that have been made to the text of the lease of part of an office building (MCL-OFFICE-02).

Downloading older versions of the MCL documents

The original versions of the MCL documents are still available and will continue to be available for the foreseeable future. They can be downloaded by clicking on the link “All versions” which appears to the right of the document’s number.

The updated version of each MCL document can be downloaded by clicking on its number on the relevant page on the MCL website (for example, MCL-OFFICE-01 for the lease of a whole office building).

Version 1.3 of the Model Commercial Lease

Michael CallaghanMCL News

From today, amended versions of the Model Commercial Lease (MCL) suite of documents are now available on the MCL website.

The main changes are to simplify the alterations provisions.  The revised versions of the documents have been designated version 1.3.

The MCL Working Group is grateful to everyone who has provided comments and feedback.  Feedback will always be welcome.  Ideally please send comments in writing using the form on the Feedback/contact page on the MCL website.

Full details of the changes

A new page headed “February 2018 Changes” is now available on the Guidance section of the MCL website.  On that page, you will find links to

  • an explanatory note that highlights the changes that have been made and, where relevant, the reasons for making them. It will assist those who wish to make corresponding changes to documents that they have created on the MCL.
  • a PDF document that shows the changes that have been made to the text of the lease for a shopping centre unit (MCL-RETAIL-07).

Downloading older versions of the MCL documents

  • The original versions of the MCL documents are still available and will continue to be available for the foreseeable future. They can be downloaded by clicking on the link “All versions” which appears to the right of the document’s number.
  • The updated version of each MCL document can be downloaded by clicking on its number on the relevant page on the MCL website (for example, MCL-OFFICE-01 for the lease of a whole office building).

Michael CallaghanAmended versions o

Amended versions of the MCL suite of documents

Michael CallaghanMCL News, Updated documents

From today, amended versions of the Model Commercial Lease (MCL) suite of documents are now available on the MCL website.

With a few exceptions, the changes are mainly of a drafting nature.  The revised versions of the documents have been designated version 1.2.

As with changes introduced when version 1.1 was issued in June 2015, the majority of the amendments have been suggested by users as a result of using the MCL documents in transactions.  Other changes have been made in connection with the proposed introduction of the minimum energy efficiency standard (MEES) in 2018, or reflect points – mainly minor drafting issues – that have been identified by a number of firms that are preparing to replace their precedent leases with the MCL leases (or, in a number of cases, that have already done so).

Six additional forms of licence for alterations have been introduced, including licences permitting works outside the premises that have been demised, licences to combine two sets of premises and a retrospective licence to carry out works.

We have also added on the Guidance section of the MCL website a Style Guide, which will assist users to covert the MCL into their own house style.

The MCL Working Group is grateful to everyone who has provided comments and feedback.  Feedback will always be welcome.  Ideally please send comments in writing using the form on the Feedback/contact page on the MCL website.

Full details of the changes

A new page headed “MCL changes – July 2016” is now available on the Guidance section of the MCL website.  On that page, you will find links to

  • an explanatory note that highlights the changes that have been made and, where relevant, the reasons for making them. It will assist those who wish to make corresponding changes to documents that they have created on the MCL. It also lists the six additional forms of licence for alterations that have been introduced.
  • a PDF document that shows the changes that have been made to the text of the lease for a shopping centre unit (MCL-RETAIL-07).

Downloading older versions of the MCL documents

  • The original versions of the MCL documents are still available and will continue to be available for the foreseeable future. They can be downloaded by clicking on the link “All versions” which appears to the right of the document’s number.
  • The updated version of each MCL document can be downloaded by clicking on its number on the relevant page on the MCL website (for example, MCL-OFFICE-01 for the lease of a whole office building).

Consultation on proposed amendments to the Model Commercial Lease to take account of the Minimum Energy Efficiency Standard regulations

Peter WilliamsMCL News

Today we have issued a discussion paper on proposed amendments to the Model Commercial Lease (MCL) to take account of the Minimum Energy Efficiency Standard regulations and the Heat Network regulations.

The purpose of this paper is to consider only changes that may be appropriate to the provisions of the MCL.  However, the issues discussed in the paper may be relevant to other forms of lease.

We would be grateful to receive as many views as possible on the proposed amendments.   Please send them by e-mail to consultation@modelcommerciallease.co.uk to arrive by 6.00 pm on Monday 26 October 2015.

Click here to download the discussion paper.

Update to licence to sub-underlet

Michael CallaghanMCL News

We have made a small change to the licence to sub-underlet (MCL-LICUNDER-02) to ensure that the parties are correctly defined.  The new version 1.2 of the licence can be downloaded from the Asset Management section.

Amended versions of the MCL suite of documents

MCL UserMCL News

From today, amended versions of the Model Commercial Lease (MCL) suite of documents are now available on the MCL website.

With a few exceptions, the changes are mainly of a drafting nature.  The revised versions of the documents have been designated version 1.1.

The majority of the amendments have been suggested by users as a result of using the MCL documents in transactions.  Other changes reflect points – mainly minor drafting issues – that have been identified by a number of firms that are preparing to replace their precedent leases with the MCL leases (or, in a number of cases, that have already done so).

The MCL Working Group is grateful to everyone who has provided comments and feedback.  Feedback will always be welcome.  Ideally please send comments in writing using the form on the Feedback/contact page on the MCL website.

Details of the changes

A new page headed “MCL changes – June 2015” is now available on the Guidance section of the MCL website.  On that page, you will find links to

  • an explanatory note that highlights the changes that have been made and, where relevant, the reasons for making them. It will assist those who wish to make corresponding changes to documents that they have created on the MCL.
  • a PDF document that shows the changes that have been made to the text of the lease for a shopping centre unit (MCL-RETAIL-07).

Downloading different versions of the MCL documents

The updated version of each MCL document can be downloaded by clicking on its number on the relevant page on the MCL website (for example, MCL-OFFICE-01 for the lease of a whole office building).

The original versions of the MCL documents are still available and will continue to be available for the foreseeable future.  They can be downloaded by clicking on the link “All versions” which appears to the right of the document’s number.

Launch of amended versions of the MCL suite of documents

Peter WilliamsMCL News

 

Amended versions of the Model Commercial Lease (MCL) suite of documents will be available on the MCL website from 9.00 am on Wednesday 24 June 2015 (midsummer quarter day).

With a few exceptions, the changes are mainly of a drafting nature.  The revised versions of the documents have been designated version 1.1.

The majority of the amendments have been suggested by users as a result of using the MCL documents in transactions.  Other changes reflect points – mainly minor drafting issues – that have been identified by a number of firms that are preparing to replace their precedent leases with the MCL leases (or, in a number of cases, that have already done so).

The MCL Working Group is grateful to everyone who has provided comments and feedback.  Feedback will always be welcome.  Ideally please send comments in writing using the form on the Feedback/contact page on the MCL website.

Details of the changes

On 24 June, a new page headed “MCL changes June 2015” will be available on the Guidance section of the MCL website.  On that page, you will find links to

  • an explanatory note that highlights the changes that have been made and, where relevant, the reasons for making them. It will assist those who wish to make corresponding changes to documents that they have created on the MCL.
  • a PDF document that shows the changes that have been made to the text of the lease for a shopping centre unit (MCL-RETAIL-07).

Downloading different versions of the MCL documents

From 24 June, the updated version of each MCL document can be downloaded by clicking on its number on the relevant page on the MCL website (for example, MCL-OFFICE-01 for the lease of a whole office building).

The original versions of the MCL documents are still available and will continue to be available for the foreseeable future.  They can be downloaded by clicking on the link “All versions” which appears to the right of the document’s number.

Four-month review of the MCL documents

Peter WilliamsMCL News

The MCL documents were released on 10 July, and have therefore been available for use for almost four months.

The MCL working party is planning to review all the comments that have been received from users at its next meeting in the middle of November.

It would therefore be very helpful if users could let us have any comments for this purpose by Monday 10 November.

The working party would also be very interested in hearing about:

(a)  any transactions in which the MCL documents have been used, and how negotiations proceeded; and

(b)  whether firms are adopting the MCL suite of documents as their standard templates and, if so, whether they are making any changes to the published versions of the documents.

Please use the feedback/contact form for all communications.

Index linked rent review clause

Michael CallaghanUpdated documents

MCL-LEASECLAUSE-03

We have made a small change to the index linked rent review clauses.  In Part 3, the definition of “Current Rent” has been amended to refer to the “Notional Rent Review Date” in place of the “Rent Review Date.