Ending a commercial lease early in Manchester, UK

Ending a commercial lease early in UK? Regardless of the complexity of the Deed of Variation, our solicitors have the experience and specialist knowledge to help you achieve an outcome that protects and fully represents you and your loved ones. We will take the time to make sure you fully understand the documentation and its objectives. We are 100% committed to ensuring each and every one of our clients receives the highest quality service and we will go the extra mile to ensure that you are happy with the results gained. We understand it can be particularly difficult to deal with matters relating to death and inheritance, and this is why our friendly and approachable team always take a sympathetic and understanding approach, ensuring that you receive the support you need.

Shareholders can apply to court to claim unfair prejudice if they think that the company is being run in a way which is unfairly prejudicial to some of the shareholders. The request would be for the Companies Court to correct that behaviour. For example, failing to pay declared dividends, undertaking activities which are not permitted under the company’s articles or doing something which might result in the company’s insolvency, are all things which might justify an application. It is necessary to act quickly with one of these claims because the court will reject an application where the shareholder has allowed things to run on, as the court will regard this as acquiescence in the action taken by the Director/s.

What is an eligibility check? If you wish to transfer the ownership of a house with a mortgage to a new owner, then your lender will first need to perform an eligibility check. This enables the lender to assess whether the proposed new owner(s) of the property will be able to continue with the same mortgage. This will include whether the new owners or joint owners: Can pass a credit check, Have sufficient income to be eligible for the existing mortgage, Meet the appropriate age requirements, Have residency in the UK. What happens if the new owner fails the eligibility check? If you do not meet the requirements set out by the mortgage company, then an alternative will be to either find some way to remortgage the property or pay off the existing mortgage in order to transfer ownership.

A fast-growing law firm based in south Manchester, we are renowned for going the extra mile to get the right results for our clients. Specialising in commercial litigation and property law for both commercial and residential clients, we believe strong communication is essential. This is why our passion for the work we do is matched by our commitment to keeping our clients up to date every step of the way. Emma Nawaz of Blackstone Solicitors Limited has a wealth of legal experience specialising in the fields of commercial and property litigation. Emma represents local, national and international clients, many of whom have been clients since the beginning of her career. Emma is known as a tenacious and pragmatic lawyer. See extra info at Blackstone Solicitors.

What will I need to do during the rent recovery process? Blackstone Solicitors will perform the vast majority of work during the rent recovery process. We understand that chasing money can be exhausting and stressful, which is why we take appropriate steps to alleviate the burden. All we need from you are copies of: Property ownership documents, Details about the tenant, The tenancy contract, Evidence that you did not receive the money you are attempting to claim back, Evidence that the tenant left your property within the last six years.

If a Landlord wishes to end a fixed-term commercial lease early due to a Tenant breaching the lease, then they may be able to do so if there is a forfeiture clause in the lease. The procedure for forfeiture will depend on how the Tenant has breached the lease. For example, if the Tenant has not paid rent, then there is generally no need for the Landlord to serve notice on the Tenant. If the breach is of a different nature, then the landlord will have to serve a section 146 notice. Ending a commercial lease on or after the expiration of its term depends on the security of tenure. Security of tenure is the right for the Tenant to occupy business property after the lease comes to an end. Discover extra information at https://blackstonesolicitorsltd.co.uk/.