GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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18:17 Feb 27, 2014 |
German to English translations [PRO] Bus/Financial - Real Estate / Waschküchenordnung | |||||||
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| Selected response from: Adrian MM. (X) Local time: 11:30 | ||||||
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Summary of answers provided | ||||
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4 | yield up |
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3 | proper clearing of the laundry room |
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Discussion entries: 3 | |
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yield up Explanation: Needs do tbe turned round, i.e. the tenant......shall yield up......etc. Yielding up “Yielding up” is the tenant’s obligation to deliver the premises back to the Landlord at the end of the lease. It is a key consideration in entering in to lease: thinking about the process of leaving the premises and the state of repair of the building on leaving. Our commercial property solicitors are experts in advising on leases and on yielding up. Some other key provisions: “Re-instatement” the tenant’s obligation to remove alterations and improvements at the end of the lease “Dilapidations” items of disrepair resulting from breach of the tenant’s obligations during the term of the Lease “Schedule of Condition” a schedule which documents the condition of the premises at commencement of the lease -------------------------------------------------- Note added at 59 mins (2014-02-27 19:17:00 GMT) -------------------------------------------------- Yielding Up The ‘yield up’ provision is present in most commercial leases and is generally seen to be a ‘catch-all’ clause to ensure the premises are handed back to the Landlord in a satisfactory condition. As well as ensuring vacant possession, this clause usually reiterates the more specific covenants detailed above, possibly with further embellishments. We ensure our Tenant clients are aware of the associated implications in this regard, whilst outlining the wider obligations this type of clause entails. Where acting for Landlords, we pay careful attention to this covenant and to the other related covenants in order to notify the Tenant of their required duties. http://dilapidationsconsultancy.com/yield.asp |
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richtige Abgabe proper clearing of the laundry room Explanation: clean out and up, then clearing out and off, then handing the laundry room back and over. to the next user. Reference: http://www.proz.com/kudoz/german_to_english/insurance/108014... Reference: http://www.clearingonthelake.com/files/departure.pdf |
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