Episode 5: Elephant traps if you want to get out of a lease: break clause and knowing your rights.

Hosts

Simon Taylor, Head of Property Services, Ethical Property Foundation and Sue Boyall, Partner, Excello Law discuss the complexities of break clauses and your rights as a tenant.

Key topics:

Break clauses and knowing your rights: Understand what break clauses are, how they work, and what your rights are when invoking them.

Lease termination: Learn about the different ways a lease can come to an end, including the natural expiration of the term.

Handing back the keys: Discover whether you can simply hand back the keys and walk away, or if there are additional steps you need to take.

Timing and notice: The importance of knowing your break dates, giving proper notice, and organising your timeline to ensure a smooth transition.

Legal and suitability checks for new premises: Ensure that your new premises are legally permissible and suitable for your needs, including considerations for planning and conversion costs.

Property condition and repairs: Understand your obligations to return the property in a good state of repair and what dilapidations entail.

Proactive lease management: Learn why it’s beneficial to consider your obligations at the beginning of the lease, including creating a schedule of condition to limit end-of-lease liabilities.

Building surveys: The importance of conducting a building survey before entering a property as a critical first step in negotiating with a landlord and understanding the state of the building.

Join us as we provide essential insights and practical advice to help you navigate the end-of-lease process with confidence and ease.

Need expert advice on managing break clauses and lease termination?

Our consultancy services provide tailored support to guide you through the end-of-lease process and beyond. Contact us today via our consultancy pages for professional assistance!

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