This Practice Note explains, in the context of both residential and business leases, what a break clause is, when it may be exercised (including interpretation of common...
This Practice Note covers by and upon which party the break notice must be served, the method of service of a break notice (ie permissive or mandatory contractual...
Break conditions must be strictly complied with. If a condition provides that any outstanding rent is paid up, the tenant must make sure that it is paid in full and on...
Break clauses—commercial importance Commercially, the break clause is likely to be a key clause for a tenant to give it flexibility. Failure to comply with the terms of...
A tenant's right to break is often conditional on compliance with covenants. The extent to which those conditions must be satisfied depends on whether they are absolute...
Where a tenant has protection under Part II of the Landlord and Tenant Act 1954 (LTA 1954), service by the landlord of a contractual notice to exercise a break clause...
It is crucial that the requirements in a break clause—as to form and service of the notice and not just the conditions on the option—are complied with to the letter. The...
1 The Tenant may terminate this Lease [on or at any time after [insert date] OR on [insert date] OR on the expiry of the [insert year] of the Term] on giving not less...
Status of the 2020 Code The Code for leasing business premises, RICS professional statement 2020 (the 2020 Code) was launched in February 2020 and is effective from 1...
Your Ref: Our Ref: Date: From: [Insert name of Landlord’s/Tenant’s Solicitor] of [insert address] To: [Insert name of Landlord’s/Tenant’s Solicitor] of [insert address]...
What is a break clause? A break clause is a clause that allows a landlord and/or a tenant to end a lease before the expiration of the fixed term, often at a particular...
1 The Landlord may terminate this Lease: 1.1 [at the expiration of the [insert year] of the Term OR on [insert date] OR at any time on or after [insert date]]; 1.2 by...
Variation of terms—generally As there is no privity of contract or privity of estate between a head landlord and an undertenant, an undertenant will not be affected by...
1 Either the Landlord or Tenant may terminate this lease [on or at any time after [insert date] OR on [insert date] OR on the expiry of the [insert year] of the Term] on...
Time is generally of the essence for serving a notice to exercise a break option or clause in a lease. This Practice Note covers the need to comply with the mechanics of...
It is crucial to identify the correct party when serving notices. A notice containing an error may still be valid, but the notice must be so clear and unambiguous as to...
This Practice Note addresses some of the common issues encountered when serving a break notice. A break notice is a contractual notice. Therefore, whilst some general...
In Mannai v Eagle Star the House of Lords upheld as valid a contractual break notice containing an obvious error on the ground that a reasonable recipient would not have...
1 The Tenant may terminate this Lease [on or at any time after [insert date] OR on [insert date] OR on the expiry of the [insert year] of the Term] on giving not less...
Notice to terminate lease To: [name of landlord] of [address] Lease dated [insert date] and made between (1) [name of (original) landlord] and (2) [name of (original)...
The ‘registration gap’ is the period of time between completion of the transfer of a property (the legal process of transferring the title to the property as between...
Vacant possession is a term commonly used in sale contracts which provide for the seller to give vacant possession on completion. In Dreams v Pavilion Property Trustees,...
Introduction A site that is ripe for redevelopment can also be laden with different interests, with varying degrees of legal protection. Landlords that are looking to...
Coronavirus (COVID-19): From 27 March 2020, under the Civil Procedure Rules Practice Direction 51Z (CPR PD 51Z) all proceedings for possession brought under CPR 55 and...
The general common law principle is that when a lease comes to an end any underlease automatically terminates. Consensual termination—surrender and merger Statute...
The case law on withdrawal of notices involves notices to quit (NTQ). However, it appears to be accepted, in practice, that the rules apply to the withdrawal of break...