Clarification of lease end liabilities on listed aircraft hanger units
We acted for a large French company whose business is the creation and distribution of storage furniture. The client wanted specific advice as to its lease end obligations in respect of three listed former aircraft hanger units which it had been using for storage. Given the nature and characteristic of these buildings, our client needed specific advice with regard to the likely cost of dilapidations at the end of the lease, so they could account for this in their business plan going forward. We worked closely with the client and their agent to advise them as to the steps to take approaching lease expiry and their potential liability post expiry as and when any claim is crystallised.