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18 Nov 2002 10:44AM
The British Property Federation (BPF) has launched the latest edition of the BPF/IPD Annual Lease Review, which draws upon the evidence of 88,000 tenancies from across the UK. This shows that:
- The average time period until the first break clause in a lease, across all sectors, has fallen from 11.3 years in 1992 to 4.6 years today.
- Average lease lengths now stand at 14.7 years compared to 20.8 years in 1992.
- Average lease lengths across all sectors have fallen over the past decade:
- ... (176 more words)
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