Leadership, new business goals, market shifts and/or economic conditions can change and occasionally it might warrant the need for a commercial lease to be brought to an end before the end of the fixed term, because of changes in the business environment.
Termination Methods
There are a several ways to terminate a lease, the following being the most common, and we can advise which method is most appropriate to you:
Agreement to Surrender / Deed of Surrender – if both parties agree to end the lease
Forfeiture – landlord may be able to end the lease if the tenant is in breach of the terms of the lease
Break clauses – if the lease includes a break clause allowing the landlord and / or tenant to terminate the lease if certain conditions such as giving notice are met.
Landlord and Tenant Act 1954 – If the lease is protected under the 1954 Act and therefore has security of tenure, terminating the lease can be complicated if you are the landlord since the lease will continue at the end of the term and termination will depend on the lease coming to an end by either the landlord or the tenant. Our team can discuss options available to you if this is the case.
Locations
Unlike many solicitors, we specialise solely in conveyancing, and with offices in Bury St Edmunds, Cambridge, Clacton, Colchester, Diss and Ipswich our team are ideally located to discuss any property matters with you face-to-face.
Conveyancing Services
Residential and commercial conveyancing services. Whether you’re looking to move, remortgage or acquire residential or commercial property.
