You have completed your new lease, so what next?

Whether you are a Landlord or a Tenant, the importance of remembering the key dates in your lease and then taking the necessary steps to enforce actions under the lease cannot be overlooked once completion has taken place. You receive a call from your solicitor that completion has taken place, the keys can be collected and you’re ready to move in.

If you are a tenant, while you might be enjoying your new premises and initially be familiar with those key dates, in reality Tenants and Landlords often overlook or forget clauses which enable break clauses to be exercised or otherwise affect a tenant’s ability to request a new lease from a Landlord.

As a tenant, if you have the opportunity to exercise a break clause, are you really that familiar with the conditions that need to be fulfilled before the Landlord will enable you to vacate and the requisite notices that need to be prepared and served in accordance with the time limits stipulated by the lease. We not only remind you of the key dates on completion of the lease, but during your occupation, so that while you are enjoying your premises, we will be on hand to advise you of any key date via our computer diary system.

If you are a Landlord, keeping up to date with the provisions to serve notices effectively need not be an onerous task, at Franklins Solicitors LLP we will undertake a thorough review of the lease and can also assist in the drafting and preparation and the services of notices, don’t hesitate to contact us for more details.