Break options

View Property by content type:

Latest Property News

Featured Property content

Practice notes
Agreements for sale of commercial propertyThe Standard Commercial Property Conditions (First Edition) were published in May 1999. At that stage it had...
Read More >
19th May
Practice notes
What is an authorised guarantee agreement (AGA)?Under an authorised guarantee agreement (AGA), an outgoing tenant guarantees some or all of the...
Read More >
19th May
Practice notes
Subject to contractIf a party who strikes a bargain wishes to make it clear that it does not intend to enter into a binding contract until a formal...
Read More >
19th May
Precedents
This Deed is made on [insert date]PARTIES1[insert name of the owner of the Servient Land] [ of [insert address] OR incorporated in England and Wales...
Read More >
19th May
Practice notes
Manorial rights are relics of the feudal system of land tenure. They can still exist in relation to land that:•is former copyhold land, or•was...
Read More >
19th May
Practice notes
Vitiation of an insurance policyAn insurance policy may be vitiated (or invalidated) if the insured:•misrepresents or fails to disclose any material...
Read More >
19th May
Practice notes
There are three different ways by which an easement can be implied at common law:•necessity•intended use•the rule in Wheeldon v BurrowsThe implied...
Read More >
19th May
Practice notes
What is a disclosure letter?A disclosure letter is a letter from a seller to a buyer containing both general and specific disclosures as well as a...
Read More >
19th May
Q&As
A deed (such as a TR1) is valid and binding if the essential ingredients of execution as a deed, attestation and delivery as a deed are all present:...
Read More >
19th May
Practice notes
Generally, the tenant remains liable for the rent even though the premises have become unusable. Consequently, leases normally contain a provision...
Read More >
19th May
Precedents
EXPLANATORY NOTE: IN THIS PRECEDENT, INSERT THE NAME OF THE GUARANTOR WHERE PROMPTED TO DO SO. OTHERWISE, TO KEEP THIS DECLARATION IN LINE WITH THE...
Read More >
19th May
Precedents
Rent Review MemorandumLandlord•[insert full name of Landlord] [of [insert address] OR incorporated in England and Wales with company registration...
Read More >
19th May
Practice notes
A ‘mortgage cure’ clause (or ‘mortgagee protection’ clause) provides some protection to lenders in relation to the landlord’s rights to forfeit a...
Read More >
19th May
Practice notes
Merger may determine a lease when both the lease and the reversion on that lease become vested in the same person and that person holds both interests...
Read More >
19th May
Practice notes
In the absence of an express provision in the lease (which is rare), a landlord has an absolute right to refuse consent to alterations outside the...
Read More >
19th May

Most recent Break options content

Q&As
How does the General Data Protection Regulation impact on property owners and managers?The General Data Protection Regulation (Regulation (EU)...
Read More >
25th Jul
Practice notes
Break clauses—a practical lease negotiation guideBreak clauses—commercial importanceLandlords may concede a break right for a tenant in order to agree...
Read More >
13th Jul
Practice notes
Yielding up and vacant possessionWhether a tenant has yielded up, with or without vacant possession, is a question of fact and degree. Most modern...
Read More >
13th Jul
Practice notes
Break clauses and notices—exercising breaks and conditions precedentCoronavirus (COVID-19): During the current pandemic, legislation and changes to...
Read More >
13th Jul
Practice notes
Vacant possessionVacant possession is a term commonly used in sale contracts which provide for the seller to give vacant possession on completion.In...
Read More >
13th Jul
Precedents
Landlord’s break option for redevelopmentLandlord's break option for redevelopment1The Landlord may determine this Lease by giving to the Tenant not...
Read More >
24th Jun
Precedents
Tenant’s break noticeNotice to terminate leaseTo: [name of landlord] of [address]Lease dated [insert date] and made between (1) [name of (original)...
Read More >
24th Jun
Practice notes
Break clauses and notices—serviceThis Practice Note covers by and upon which party the break notice must be served, the method of service of a break...
Read More >
24th Jun
Q&As
A landlord serves a break notice on the tenant and but the notice is addressed to the previous tenant. The other details of the notice are correct. Is...
Read More >
Produced in partnership with Sebastian Clegg of Gough Square Chambers 11th Jun
Q&As
In a lease protected under the Landlord and Tenant Act 1954, is it possible to have a landlord break option exercisable on the basis that one of the...
Read More >
11th Jun
Q&As
Is there any guidance for UK commercial tenants who need to fulfill break option obligations by vacating premises during the current coronavirus...
Read More >
6th Jun
Q&As
Where a break clause requires the payment of a break premium to the landlord, who does the premium go to if there are joint landlords at separate...
Read More >
Produced in partnership with Kate Andrews of Hamlins 6th Jun

Popular documents