Knowing when best to forfeit a lease can be tricky, especially given the grey arrears in the law, that’s why we wanted to create a definitive list of reasons that justify forfeiture of lease.
In today’s economic climate more and more businesses and individuals are facing issues paying rents, insurance and service charges. This has meant that the team here at Forfeiture of Lease have an ever-growing knowledge of how and when it is best to go ahead so if you are currently experiencing any of the following issues feel free to pick the phone up and speak with one of the team.
Reasons for Instruction
The following is a list reasons you are entitled to forfeit a lease;
- Commercial Rent Arrears
- Private Rent Arrears
- Service Charge Arrears
- Insurance Arrears
- Any other specific breaches of agreement
Once you feel you have experienced one of these issues it is always best to aim to discuss them with your tenant directly. If this fails, then contact us and we can talk you through the process.