A lease for a term of years may contain an option for the parties1 or one of them to determine the lease at a stated time or times, or on the happening of stated events, before the expiration of the term (a 'break clause')2. Usually such an option is expressly made exercisable by the tenant only; and, if the lease is silent as to the person who is to exercise it, it may be exercised only by the tenant3.
If the lease has been assigned, the option is exercisable by the person in whom the term is for the time
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234