Law Theme

Law Theme 3 - Commercial Law


By: Dr. Nabil Chaiban


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Across

  1. Where a Landlord ends a Lease, due to non-payment of rent or breach of the Lease terms, by re-taking possession.
  2. A document produced upon initial registration of the company, and sets out the regulations and rules for operation of the company as agreed by the shareholders.
  3. The number of years for which the Lease is granted.
  4. The sum to be paid to a land or property owner on completion of an Option Agreement.
  5. A right over another person’s property.
  6. Owning the building and the land on which it sits.
  7. A one off sum paid by a Tenant to a Landlord at the beginning of a Lease.
  8. An agreement between a Buyer and Seller to complete the purchase of land or a property after certain events have happened.
  9. An amount paid by the Lessee to the Landlord at the start of the Lease to be held until the end of the Lease.
  10. When an entity has occupied land or another entity's property for a period of at least 12 years and actively treated the land or property as their own, without permission or payment.

Down

  1. Use and occupation of the property is granted by a Lease from the Landlord, and the Lessee must leave the property at the end of the Lease.
  2. A certificate issued when a limited company is first registered at Companies House containing key company information (name, registered number), which confirms that the company legally exists and is able to trade.
  3. the right to an automatic renewal of a commercial lease at the end of the term (subject to some exceptions).
  4. a report which confirms whether and where asbestos is present within a building. If present, an asbestos management plan is put in place to monitor the material.
  5. A legal statement by the initial shareholders that they wish to incorporate the company, and setting out the aims, objectives, and permissions for external dealings of the company.
  6. An additional payment (either fixed balance or an agreed percentage) to be made by a Buyer to a Seller on completion of a Buyer’s development.
  7. The legal document which transfers title in the property from buyer to seller.
  8. A Landlord and Tenant may agree that a Tenant can end their lease early (on an agreed date) provided that certain conditions are met, proper notice is given, and there are no outstanding payments due by the Tenant at the time notice is given or the date on which the lease ends.