FRI Leases in Scotland: How a Schedule of Condition Can Limit Tenant Repair Liability
In the Scottish commercial property market, full repairing and insuring (“FRI”) leases remain the most common leasing
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Thorntons' Corporate team
Thorntons' Corporate team deliver clear, commercially focused advice to businesses of all sizes across Scotland. The team provide a comprehensive range of services, from company formation and governance to mergers, acquisitions, and succession planning. They work closely with clients to understand their sector-specific needs and long-term goals to ensure tailored legal solutions.
Corporate News and Insight
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Upwards-only Rent Reviews: What Could Change for Scottish Commercial Leases?
Rent reviews are a well-established feature of commercial leases, allowing landlords to adjust rent payments to match
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Partial Assignation of a Commercial Lease in Scotland: When is it Worth Considering?
Most commercial real estate practitioners in Scotland will be familiar with the assignation of a whole lease. When a
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As the Commonwealth Games Wrap Up, what Happens when the "Winner" isn't who you Expected?
With the Commonwealth Games placing Glasgow in the spotlight, it is a useful moment to consider another arena in which
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Construction Retention Reform: Key Risks of Performance Bonds
In an earlier article on the UK Government's late payment consultation, I explained why the proposed ban on retention in
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Design Responsibility in Construction Contracts: Avoiding the Fitness for Purpose Trap
In the words of Meat Loaf, “Two out of three ain’t bad”. In 2017, however, the Supreme Court unanimously disagreed.
Desig
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The Shed or the Location: How Scottish Logistics Occupiers Are Rethinking the Lease Decision
Finding modern logistics space in Scotland is becoming harder near the Central Belt. For occupiers, the challenge is no
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Buying a pharmacy in Scotland. Five legal tips every buyer should know
Buying a pharmacy in Scotland can be an exciting step for any pharmacist. It can also be a complex legal process. Unlike
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Rates Revaluation 2026 in Scotland. Can I reduce my rates bill?
From 1 April 2026, the latest Valuation Roll, for non-domestic/business properties across Scotland will be accessible on
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Termination in construction contracts isn’t leverage
In construction contracts, many people assume that well-crafted termination clauses will fully protect them from
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New Identity Verification and Filing Requirements under the Economic Crime and Corporate Transparency Act 2023
Introduction
The UK Government is introducing significant corporate transparency reforms under the Economic Crime and
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Scots Law vs English Law in Finance: What you need to know
When navigating banking and finance in the UK, understanding the distinctions between Scots law and English law is