Commercial Landlord and Tenant Law

Lease agreements establish the relationship between landlords and tenants (Cowan & McDermont, 2006). Besides, they outline the duties and obligations of either party and provide for redress. Leases offer the security of tenure to a tenant. A landlord cannot terminate a lease agreement arbitrarily (ODPM 2005). According to the Landlord and Tenant Act of 1954, a lease agreement should be in force up to the time of its expiry. However, a change in circumstances may drive the contracting parties to terminate their agreement before the lapse of time. In such instances, either party must discharge their obligations and avoid unduly inconveniencing the other party. Rent due to the landlord must be promptly paid, while the tenant should be duly reimbursed for compensation due.

Vacant Possession for Unit 1

Unit 1 was let on a FRI (Full Repairing and Insuring) lease for 15 years effective from the year September 2002. Up to the present time, the lease has subsisted for 13 years. By des...