The tenancy contract normally gives the landlord of a commercial property the right to forfeit the lease, if rent payment is overdue by a specified period, by entering the property and simply changing the locks.
The same DOES NOT APPLY to private lettings.
(Martin Button is the Managing Director of UKV Solutions Ltd incorporating UK Vending (Britain’s longest serving vending business), UKV Finance (underwriting sales aid leasing across a vast range of product groups in the UK and Ireland), UKV Corporate Solutions (software development and distribution), UKV Solar (providing Green Energy solutions to businesses through unique financing packages) and UKV Office Perfect (nationally providing reprographics technology including printing, photocopying, MFPs and SFPs and integrated server based and in-cloud software).
Disclaimer: The statements and opinions expressed in this article are those of the author and do not necessarily reflect those of UKV SOLUTIONS Ltd, trading as UK VENDING, UKV CORPORATE SOLUTIONS, UKV SOLAR, UKV FINANCE. UKV SOLUTIONS LTD does not take any responsibility for the views of the author. The author will not be held responsible for any comments posted by visitors to this site. Please note that this article and any article posted on the BLOG does not constitute legal advice. The author has used his best endeavours to make this article as accurate and complete as possible, but requests that the reader be aware that the law of England and Wales frequently changes. The author strongly advises the reader to take legal advice or appropriate professional advice before embarking on any action or making any decision commercial or otherwise.
FORFEITURE OF LEASE – COMMERCIAL LEASING