The improvement in the property market will mean that some landlords may be looking to replace poor performing tenants with better ones. Forfeiture can be a useful way of ending a lease quickly. However, all too often this right can be lost if it is not adequately preserved.
A landlord can easily lose this useful right unintentionally and so a cautious approach should be taken in any dealings with a tenant once a breach has been identified. Any landlords considering exercising their right to forfeit a lease should seek legal advice quickly, as once the right has been lost, it can be extremely difficult to persuade the tenant to remedy the breach and can easily lead to costly court proceedings.
Contact a member of our Commercial Property team for more advice.