LW3LEA-Commercial Leases

Module Provider: School of Law
Number of credits: 20 [10 ECTS credits]
Level:6
Terms in which taught: Autumn / Spring term module
Pre-requisites:
Non-modular pre-requisites: Eligible to proceed to the final part of any LLB degree, or with the permission of the Head of the School of Law.
Co-requisites:
Modules excluded:
Module version for: 2017/8

Module Convenor: Dr Nicholas Roberts

Email: n.t.roberts@reading.ac.uk

Summary module description:
The module deals with the law relating to commercial leases.

Aims:
To build upon the basic knowledge of the nature of leases and the enforcement of leasehold covenants gained in Land Law by:

  • examining the relationship between the law of contract and the law of property as they apply to leases;
  • explaining and evaluating the means by which the common law and statute seek to regulate and balance the interests of landlords and tenants particularly in the context of commercial property;
  • to consider whether there is a need for law reform;
  • to develop students’ commercial awareness by exploring how commercial considerations may influence the decisions taken by landlords and tenants
  • to develop further the skill of legal analysis.

Assessable learning outcomes:
Students will be able to:

  • assess the respective contributions of the law of contract and the law of property to the legal nature of a lease;
  • demonstrate knowledge of the role played by common law and statute in regulating commercial leases;
  • evaluate the impact of the law upon landlords and tenants and whether there is a need for reform;
  • apply the principles of common law and the provisions of statute to factual situations formulating arguments and citing cases for and against particular conclusions.

Additional outcomes:
Students will be able to:

  • further develop their skills in oral communication, team work and independent learning.

Outline content:
The module will first address the hybrid nature of the lease and the implications which this may have for its future development. It will cover the content and operation of some of the more important leasehold covenants, the termination of leases, the operation of rent review clauses, and the security of business tenants.

Brief description of teaching and learning methods:
This module will be taught by 2-hour seminars. The seminar format will involve a combination of independent learning directed by detailed handouts and, where appropriate, lectures. Seminars will include presentations by students on specified cases, reports or articles.

Contact hours:
  Autumn Spring Summer
Seminars 10 10
Guided independent study 90 90
       
Total hours by term 100.00 100.00
       
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Written exam 70
Written assignment including essay 30

Other information on summative assessment:
One summative essay of not more than 5 pages formatted in accordance with the School of Law’s Assessed Work Rules submitted in the Spring term.

Formative assessment methods:
One piece of non-assessed written work (6 pages) submitted in the Autumn Term for mark and feedback.

Penalties for late submission:
The Module Convenor will apply the following penalties for work submitted late, in accordance with the University policy.

  • where the piece of work is submitted up to one calendar week after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for the piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of five working days;
  • where the piece of work is submitted more than five working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

  • The University policy statement on penalties for late submission can be found at: http://www.reading.ac.uk/web/FILES/qualitysupport/penaltiesforlatesubmission.pdf
    You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

    Length of examination:
    One two-hour examination paper (three questions to be answered out of a selection).

    Requirements for a pass:
    40%

    Reassessment arrangements:
    See School Guide (Programme Assessment). Only a failed element need be re-taken: a mark for a passed element can be carried forward.

    Additional Costs (specified where applicable):
    1) Required text books:
    2) Specialist equipment or materials:
    3) Specialist clothing, footwear or headgear:
    4) Printing and binding:
    5) Computers and devices with a particular specification:
    6) Travel, accommodation and subsistence:

    Last updated: 31 March 2017

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