Ending leases - commercial landlords
Ending leases - commercial landlords
Your livelihood is at risk if your commercial tenant has rent arrears or is failing to keep their lease obligations. Prompt action together with sound advice can minimise your risk and protect your income. Knowing your options is vital before you take any action.
Evicting your commercial tenant by ending the lease may be your best option. It’s known as ‘forfeiture’ and means that your tenant won’t be able to get into the property – usually at short notice. So you need to get it right first time. Forfeiture will either get your tenant back on track or free up the property for you to re-let. Either way it sorts out the problem of your difficult tenant. Once the tenant is gone we can help you sort out a new lease for your new tenant.