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...