As summer fades away and we start to experience the cool nights
of Autumn, I am reflecting on the many changes I have witnessed in
my practice over the past 12 months – which is a
predominantly leasing centric property practice.
I could write countless articles on all the issues that emerged
during 2020 and which are still being felt today – whether it
be the rollercoaster that was FIRB changes, the hours spent in
negotiations and mediations about rental relief and the big demand
for big box industrial sheds. However, today I would like to
reflect on the big push in organisations rationalising their
tenancy footprints, which has seen a big drive for subleasing and
licensing.
I have seen my practice on average once a week receive new
instructions for clients seeking to rearrange their office or
warehouse needs by offering part or all of their footprint to
another party, through a sublease or licence. For those of you who
are uninitiated, a sublease is where you
