Understanding Deeds of Variation in Commercial Leases In this episode of 'That Retail Property Guy,' hosted by Gary Marshall, we take an in-depth look at Deeds of Variation - legal documents that allow modifications to existing commercial leases. Common reasons for these variations include adjusting rent review frequencies, allowing structural changes, removing break clauses, and modifying the actual demised space. He also discusses potential implications, such as tax liabilities and balance sheet variances, advising tenants to seek professional advice when considering lease modifications. Tune in to gain valuable knowledge applicable to estate management, particularly from a retail tenant's perspective.00:00 Introduction to Retail Property Management00:29 Understanding Lease Contracts02:17 Flexibility in Lease Agreements03:28 Deeds of Variation Explained05:25 Practical Examples of Lease Variations11:01 Legal and Financial Implications15:53 Conclusion and Final ThoughtsSend us a textNever miss an episode! Follow and like That Retail Property Guy on your favourite podcast platform - available on Apple, Spotify, Amazon and more. Find out more and message us on the podcast website Go to ThatRetailPropertyGuy for more on Gary Marshall, Smarter Estates and the TRPG podcast. You can also check out the TRPG Blog for reading versions of key episodes. For our niche 'Accounts Recoverable in Retail Property' business services, visit SmarterEstatesAnd find Gary and team on LinkedIn for regular updates and community info!

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