Q&As

When completing an asset purchase on a business, and the sellers lease on the business premises has expired but he is holding over, can the seller sublet the premises to the buyer whilst holding over to protect the tenancy? What impact will a potential dilapidation claim against the seller have on the situation?

read titleRead full title
Produced in partnership with Chris Bryden of 4 King’s Bench Walk
Published on LexisPSL on 29/04/2016

The following Property Q&A produced in partnership with Chris Bryden of 4 King’s Bench Walk provides comprehensive and up to date legal information covering:

  • When completing an asset purchase on a business, and the sellers lease on the business premises has expired but he is holding over, can the seller sublet the premises to the buyer whilst holding over to protect the tenancy? What impact will a potential dilapidation claim against the seller have on the situation?

When completing an asset purchase on a business, and the sellers lease on the business premises has expired but he is holding over, can the seller sublet the premises to the buyer whilst holding over to protect the tenancy? What impact will a potential dilapidation claim against the seller have on the situation?

Part II of the Landlord and Tenant Act 1954 (LTA 1954) is a powerful provision affording significant protection to holders of business leases. Its provisions apply by default and will affect the vast majority of commercial leases unless there has been an express exclusion of its operation. The default therefore for non-domestic non-excluded leases (save for certain specific exemptions) is that the right to occupation will not come to an end following the expiration of the fixed term, as a

Related documents:

Popular documents