Operating a break clause is not simply a case of submitting a formal notice to terminate the lease in accordance with the break clause conditions. This is far from the case, and the devil is in the detail. Break clauses will almost always contain specific requirements for performance; Failure to strictly comply with these pre-conditions […]
Break Clause cases
Recent Break Clause Cases (Part 2) NB This paper should be read in conjunction with Part 1, which summarises some of the mechanics of break clauses that often arise for consideration. PCE Investors Limited v Cancer Research UK [2012] EWHC 884 Facts: The break clause required T to pay the rents reserved by the lease up […]
Breaking a Lease -A Legal Perspective
Breaking a Lease Requires an Understanding of the Legal Pitfalls IN THE CONTEXT OF ANY COMPANY restructuring or reorganisation, the presence of a break clause in one of the company’s leases is a valuable thing indeed. This will enable the tenant to move out of unwanted or over rented space. At the very least, if the […]
Break Clauses in Dilapidations
A review of recent decisions and developments relating to a break clause, including validity of notices, service and estoppel, compliance with conditions and giving vacant possession. Introduction The purpose of this paper is to review of some recent decisions relating to the exercise of break notices. The form of this paper will take two parts. […]
Dilapidations Terminology
Break Clause – specific clause within a lease, which allows a tenant to give notice to terminate the lease before full term. This may contain onerous provisions such as material compliance or giving vacant possession. Contract Administration – when a tenant opts to undertake some or all of the dilapidation works in order to mitigate […]