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LPC Law Notes Property Law and Practice Notes

Repair Insurance Leases Model Answer Notes

Updated Repair Insurance Leases Model Answer Notes

Property Law and Practice Notes

Property Law and Practice

Approximately 490 pages

A collection of the best LPC PLP notes the director of Oxbridge Notes (an Oxford law graduate) could find after combing through dozens of LPC samples from outstanding students with the highest results in England and carefully evaluating each on accuracy, formatting, logical structure, spelling/grammar, conciseness and "wow-factor".

In short these are what we believe to be the strongest set of PLP notes available in the UK this year. This collection of notes is fully updated for recent exams, a...

The following is a more accessible plain text extract of the PDF sample above, taken from our Property Law and Practice Notes. Due to the challenges of extracting text from PDFs, it will have odd formatting:

  • Clause 4 – Tenant covenants to observe Tenant’s Covenant

  • Clause 4.5.1 –Mini Mee covenants to keep and maintain the Unit in good and substantial repair and condition (Excluding damage covered by the Insured Risk)

  • Clause 4.5.2 –Mini Mee covenants to make good any disrepair (within 3 months)

  • Clause 4.5.3Self Help Clause

  • Clause 1.1 Definitions – Defines “Unit” as Unit 3 of the Centre.

  • Clause 1.1 Definitions – Defines “Centre” as Oak Lane Shopping Centre.

  • Clause 1.1 Definitions – Defines “Insured Risks” – state that it does (e.g. pipes, malicious etc..)/does not cover the damage e.g. Acts of God.

  • Clause 6.2.2 (Tenant’s Insurance Covenants)– Tenant Covenants to give LL immediate written NOTICE on become aware of circumstances that may lead to an insurance claim.

  • Clause 6.1.1 (ii) (The Landlord’s Covenants) – Landlord covenants to insure against loss or damage by the Insured Risk.

  • Clause 6.1.5 (The Landlord’s Covenants) – Landlord covenants to reinstate as qucly as reasonably practicable if any part of the Centre is destroyed or damaged by an Insured Risk (subject to Mini-Mee’s fault).

  • Clause 6.2.1 (i) (Tenant’s Insurance Covenants)– Tenant pays an Insurance Percentage of the Insurance under 6.1.1 (within 10 days at LL’s demand)

  • Clause 1.1 Definitions – Defines “Insurance Percentage” to be 4.5%

What happens if Insurance pays out?

  • Clause 4 – Tenant covenants to observe Tenant’s Covenant

  • Clause 6.1.5 (The Landlord’s Covenants)– The LL has an obligation to reinstate (bring Building to a state where Mini Mee can continue to occupy the Unit as intended under the terms of the lease) the Centre or any part of the Centre that has been destroyed or damaged by the insured risks.

  • Clause 6.1.2 (The Landlord’s Covenants)– to insure against loss of the Principal Rent payable under the Lease arising from damage to the Unit by the Insured Risk for 3 years.

  • Clause 1.1 Definitions – Defines “Principal Rent” 32.550 pa

  • Clause 6.2.1 (ii) (Tenant’s Insurance Covenants)– Tenant to pay all the amount which LL spends on insurance pursuant to Clause 6.1.2 (within 10 days at LL’s demand)

  • Clause 6.3 Full rent suspension if Centre’s insurance pays out due to the Centre or part of the Centre being damaged due to Insured Risks until the Building is fixed or the Insurance money is exhausted.

  • No clause that states Mini Mee has to tell Insurance about any event that effects the Insurance Policy, but under Clause 6.2.5 Mini Mee covenants to comply with the requirements of the insurers.

  • Clause 6.4.1(i)– if reinstatement takes longer than 2 years from date of damage or destruction LL to inform within 6 months of date of damage.

  • Clause...

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