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Commercial Lease
cazzybabe
Posts: 182 Forumite
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....
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 :wave:
0
Comments
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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.0
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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.0
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