What is a surrender of lease?
There are several reasons why a commercial landlord and tenant may agree to a surrender of a lease. It is; however, important to take advice as to the legal consequences and ramifications of agreeing to an early surrender.
It is often thought that a formal deed of surrender is required to formalise an early surrender. Whilst it is sensible to unequivocally document the end of the lease, it is possible for a surrender to take place “by operation of law” – i.e. by all parties acting in a way that is inconsistent with the lease continuing.
Disputes can therefore arise as to whether a lease has indeed been surrendered. For this reason, it is important to take legal advice to ensure that a lease is surrendered correctly and in a way which is not liable for challenge. Equally, if you find yourself in a dispute, our team of expert solicitors can guide you through the process and ensure that you achieve the best result possible.
A specialist team of solicitors
Our team of expert Property Litigation solicitors are able to guide you through the process of surrendering a lease, or are on hand to assist should you find yourself in a dispute. For advice on surrendering a lease, contact our specialist team of Property Litigation solicitors.
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About Ellis Jones
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Learn MoreAbout Ellis Jones
Our team specialise in putting people first and always prioritise empathy and understanding no matter who we are working with. Learn more about our approach.
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