Course description
For commercial tenants, it is often only a financial crisis that will drive them to bring their lease to an end early, so as to limit the exposure to further rental payments. Whilst this may seem like a simple process, the Landlord and Tenant Act 1954 details protections that can make early lease termination very complicated, and the variety of mechanisms available for tenants to do this can often be difficult to differentiate.
Mark Shelton presents this live and interactive broadcast which explores the potential complications in lease termination, as well as other options including surrender, frustration, repudiation, disclaimer and exercise of break options.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
When a tenant has decided to bring its lease to an end, it will often be a priority to do so as soon as possible, so as to limit the exposure to further rental payments. It might seem at first glance that termination of a commercial tenancy should usually be a very simple business. What makes it complicated is the Landlord and Tenant Act 1954, paradoxically an Act designed to protect tenants. The complexity of the Act means that opportunities can be missed.
Other options include surrender, frustration, repudiation, disclaimer, and exercise of break options. Also, not all tenants occupy under a formal lease, and different considerations affect termination of less formal arrangements like tenancies at will, licences to occupy, and periodic tenancies.
What You Will Learn
This live and interactive session will cover the following:
- What are the common law rules for ascertaining the required length of notice to quit?
- Within the 1954 Act, what methods of termination are effective?
- How do contractual doctrines of repudiation and frustration work with leases?
- Can a lease be disclaimed when a tenant is not insolvent?
- How might a landlord attempt to frustrate or delay termination?
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...