Forfeiture of Commercial Lease
A forfeiture of lease is when a termination occurs because a tenant breached a part of their agreement. When this happens, a landlord can re-enter their property, terminating the lease. Sometimes, termination can happen instantly or after a set time given by notice. Landlords are tasked with creating their right to forfeit a lease. It may be necessary to point out the specific clause in the lease which provides them the right to forfeit in certain situations. Legal advice is encouraged to landlords to guarantee the breach is sufficiently serious for forfeiture to happen.
A forfeiture of lease is when a lease is terminated because the tenant has breached a term of their agreement. When this happens, providing the lease contains a clause allowing it, a landlord can peacefully re-enter their property and terminate the lease. The most common breach is no payment of rent, but other fundamental breaches may also give rise to the tight to forfeit. This a complex area of law and landlords are encouraged to seek formal legal advice to ensure the breach is sufficiently serious to allow forfeiture.
How Does It Work?
When instructed, our expert agents will organise locksmiths and attend the premises. The locksmith will afford entry and replace the existing locks, ensuring the building can be left secure. The agent will complete an inventory of goods, take utility readings where possible and the relevant notices will be completed and clearly displayed. Photographic proof of the new locks as well as the notices on display will also be taken.
A Torts notice be displayed which informs your ex-tenant and any other third parties who may claim ownership of goods inside that they have 7 or 14 days to remove their items. Failure to do so provides the landlord the right to dispose of the items and keep the proceeds.
The keys to the new locks then be hand delivered to the landlord or managing agent if located nearby or posted by Royal Mail special delivery . A detailed report along with supporting photographs will be forwarded to the client.
Where a supervised access is required to allow your ex-tenant the opportunity to remove their goods, ERE can offer this service. The cost is usually recoverable in advance from ex-tenant or where this is not possible from the landlord. We will communicate with any third parties regarding any retention of title claims, lease, or rental agreements as well as any other claims on your behalf.
Same Day Action
It may be possible to give access to your premises back to you on the same day when your direction provided or with a days’ time if you request it. The same procedure as described in the ‘How does it work?’ section will be undertaken no difference to the timeframe of when access to the property is gained.
Is a Legal Torts notice necessary?
Presentation of a Legal Torts notice informs ex-tenants and other penalties that they have 7 or 14 days to remove their possessions from the grounds and failure to do so will lead to the landlord confiscating it through disposal or sale.
Fixed Costs
There is an attendance payment for the first hour on site, then additional time on site afterwards. The will be locksmith costs and charges are charged separately unless the landlord chooses to use their own contractors.
Efficiency & Professionalism
We have a lot of experience with executing forfeiture of leases on behalf of landlords and agents, and we are renowned for our professionalism and efficiency in this field of enforcement.
Locksmith Services..
executivelocksmithservices.co.uk
How Does It Work?
When instructed, our expert agents will organise locksmiths and attend the premises. The locksmith will afford entry and replace the existing locks, ensuring the building can be left secure. The agent will complete an inventory of goods, take utility readings where possible and the relevant notices will be completed and clearly displayed. Photographic proof of the new locks as well as the notices on display will also be taken.
A Torts notice be displayed which informs your ex-tenant and any other third parties who may claim ownership of goods inside that they have 7 or 14 days to remove their items. Failure to do so provides the landlord the right to dispose of the items and keep the proceeds.
The keys to the new locks then be hand delivered to the landlord or managing agent if located nearby or posted by Royal Mail special delivery . A detailed report along with supporting photographs will be forwarded to the client.
Where a supervised access is required to allow your ex-tenant the opportunity to remove their goods, ERE can offer this service. The cost is usually recoverable in advance from ex-tenant or where this is not possible from the landlord. We will communicate with any third parties regarding any retention of title claims, lease, or rental agreements as well as any other claims on your behalf.
Same Day Action
It may be possible to give access to your premises back to you on the same day when your direction provided or with a days’ time if you request it. The same procedure as described in the ‘How does it work?’ section will be undertaken no difference to the timeframe of when access to the property is gained.
Is a Legal Torts notice necessary?
Presentation of a Legal Torts notice informs ex-tenants and other penalties that they have 7 or 14 days to remove their possessions from the grounds and failure to do so will lead to the landlord confiscating it through disposal or sale.
Fixed Costs
There is an attendance payment for the first hour on site, then additional time on site afterwards. The will be locksmith costs and charges are charged separately unless the landlord chooses to use their own contractors.
Efficiency & Professionalism
We have a lot of experience with executing forfeiture of leases on behalf of landlords and agents, and we are renowned for our professionalism and efficiency in this field of enforcement.
Locksmith Services..
executivelocksmithservices.co.uk