Commercial Lease Purchase Agreement

Rental of commercial property is often a complex issue, with trade agreements and leases containing over 50 pages of provisions that could have a financial impact on you, which makes it more difficult to deduce the exact rights you have. The 11 issues listed below generally occur when the leases are at an end.

1. I want to sell my business, but will not that my lease has expired and almost nobody will buy when there is such a short lease left remaining.

See now! Most business tenants have the right to insist on their landlord giving them a new lease.

2. I have the right to renew my lease, the landlord is, however, insist that I accept a lease in the standard form, which imposes obligations on me much.

The security of tenure legislation is designed to protect tenants. Owners are able to modify the terms of the lease at renewal, in very limited circumstances.

3. I must leave my landlord has served notice on me pretending to "package" (end) lease.

See now! In certain circumstances, an owner may make a lease to an end if you have broken the terms of the lease. However, this area of law is particularly complex and there are often fees for tenants to claim a deduction.

4. I have the right to terminate my lease mid-term. I served notice to the owner, but as the date indicated on the notice was incorrect, I understand that the notice is invalid and I will have to continue paying the rent.

Options to terminate a lease through this mechanism is very complicated and advice should be taken before exercise. However, the law protects the tenant and it is possible that your opinion may still be valid even if the date of the notice was erroneous.

5. I am secretary of a tennis club and we rent our premises. Our lease ends in two months, and we were told by the owner that we must vacate the premises on that date that the owner can obtain a higher rent from commercial tenants.

Even if you're not a commercial organization, you will probably secure tenure that you will be classified as a tenant a "client." Therefore, the owner must give you at least six months notice accompanied by a statutory grounds for possession. Obtaining a higher rent is not a lawful reason.

6. My lease ends next month and I do not want to renew. My landlord told me that I should have provided three months notice of termination. I will have either to stay at the property for the period required or pay three months' rent instead.

As long as you leave before the end of the lease, you do not need to give the owner a notice of your intention to leave. However, if you stay in the premises beyond the lease term, the situation will be different.

7. I was asked to accept a lease that is outsourced security of land legislation.

The security of tenure legislation is designed to protect tenants. Therefore, you would give up valuable rights and should negotiate to receive something in return.

8. My lease ended and my landlord is claiming possession, saying he has made causes safety laws tenure - I intend to give up my interest in the lease.

See now! Possession is only available in certain circumstances and on evidence of specific facts.

9. I must leave before the end of the month that I never signed a written lease and the owner asked me to leave.

This will depend on the precise circumstances in which the occupation of the property was taken. It may be possible that you have the right to stay as short term leases do not have to be made in writing to be legally valid. Similarly, tenants of commercial premises are protected under Security.