Real Estate Talking Points: Breaking point: Landlords’ break options versus tenants’ security of tenure
"Statutory security of tenure provisions protect commercial tenants occupying premises for business purposes. So what does this mean for Landlords who want an option to break? When negotiating new leases, landlords should carefully consider the effect of the security of tenure regime on any proposed contractual options to break. Unless the lease is validly excluded from security of tenure provisions, a contractual break clause may not operate as intended and could leave landlords in an adverse position."
In this alert Hannah Day discusses Landlords’ break options versus tenants’ security of tenure. Click here to read more.