Monthly Archives: June 2016

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New tenant was not entitled to exercise Break Clause

20th June 2016 | Commercial Property

Businesses need to take great care when taking over a lease on commercial property from another firm. They may find that they don’t automatically inherit all the entitlements that were granted to the original leaseholder. The issue arose recently in a case involving a company called Gemini Press Ltd. It took over a lease which had originally been assigned to a firm called Ashdown. The original lease provided the tenant with several entitlements including the right to exercise a break...

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Tenant wins dispute with landlords over exercising break clause

13th June 2016 | Commercial Property

A commercial tenant has won a dispute over exercising a break clause even though it served notice to an out-of-date address. The case involved four landlords who were the trustees of a retirement scheme that owned the freehold of a large building. Three floors in the building were let to a commercial tenant on a 10-year lease from July 2010. After three years, the tenant exercised a break clause by serving notices by recorded delivery on each of the individual landlords at the business...

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