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Some aspects of tenants` break clauses

By: Language: English Series: Estates Gazette ; 283(6349) 29 August 1987, 921-925(3)Publication details: 1987Subject(s): Summary: This article examines break clauses in commercial leases exercisable by the tenant only. Examines the landlord`s position, considering such aspects as successors in title and time of the essence and the tenant`s position, referring to performance of repairing covenants , dilapidations and new tenants. Goes on to discuss the effect of break clauses on new developments, looking at the options available to an investor if a break clause is exercised during a developer`s twenty-five year guarantee period.

This article examines break clauses in commercial leases exercisable by the tenant only. Examines the landlord`s position, considering such aspects as successors in title and time of the essence and the tenant`s position, referring to performance of repairing covenants , dilapidations and new tenants. Goes on to discuss the effect of break clauses on new developments, looking at the options available to an investor if a break clause is exercised during a developer`s twenty-five year guarantee period.