Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • cazzybabe
    • By cazzybabe 20th Mar 17, 5:05 PM
    • 180Posts
    • 28Thanks
    cazzybabe
    Commercial Lease
    • #1
    • 20th Mar 17, 5:05 PM
    Commercial Lease 20th Mar 17 at 5:05 PM
    I'm hoping someone can just give me a bit of info...

    We are (hopefully) selling our business, we have a buyer but of course nothing is definite until it happens! We have premises that will be taken on by the buyers and a new lease will be negotiated between them and the landlord.

    We can give notice by quarter day of March - we have a rolling break clause by giving 6 months notice on quarters days.

    We do not need to do this if the sale goes through, however, if the sale doesn't go through we want our timescales to be protected so we can leave by end of September (6 months).

    To give notice, can this be done by ourselves or should it be via a solicitor?

    Sorry for it being so long winded....
    keep saving
Page 1
    • davidmcn
    • By davidmcn 20th Mar 17, 5:15 PM
    • 4,771 Posts
    • 4,343 Thanks
    davidmcn
    • #2
    • 20th Mar 17, 5:15 PM
    • #2
    • 20th Mar 17, 5:15 PM
    To give notice, can this be done by ourselves or should it be via a solicitor?
    Originally posted by cazzybabe
    In theory you can do it yourself, but best to do it through a solicitor, if you want to make sure it's done properly.
    • daveyjp
    • By daveyjp 20th Mar 17, 6:58 PM
    • 6,731 Posts
    • 5,047 Thanks
    daveyjp
    • #3
    • 20th Mar 17, 6:58 PM
    • #3
    • 20th Mar 17, 6:58 PM
    You need to check and recheck the terms of the break clause, in particular your obligations in terms of occupying the property. Fail to do exactly as the lease states and the break can be invalid.
    • G_M
    • By G_M 20th Mar 17, 8:14 PM
    • 38,517 Posts
    • 43,624 Thanks
    G_M
    • #4
    • 20th Mar 17, 8:14 PM
    • #4
    • 20th Mar 17, 8:14 PM
    Provided the terms of the Break Clause are clear, and the method of service is clear (eg by post to [address], or by carrier pigeon to pigeon roost at [nest]) there is no reason you cannot do it yourself.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

185Posts Today

1,510Users online

Martin's Twitter