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Withdrawal symptoms

By: Language: English Series: Estates Gazette ; (1040) 9 October 2010, 100-101(2)Publication details: 2010Subject(s): Summary: Tenants considering exercising break options to end liabilities under a long term lease should bear in mind the legal consequences. Tenants cannot unilaterally withdraw a break notice without the consent of the landlord once it has been served. If both parties agree to a withdrawal, a new lease is created on the same terms as its predecessor. Refers to case law and practical considerations of Landlord and Tenant (Covenants) Act 1995 and Landlord and Tenant Act 1954 relating to break clauses.
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Journal article London Journal article L151289 (Browse shelf(Opens below)) 1 Available 151289-1001

Tenants considering exercising break options to end liabilities under a long term lease should bear in mind the legal consequences. Tenants cannot unilaterally withdraw a break notice without the consent of the landlord once it has been served. If both parties agree to a withdrawal, a new lease is created on the same terms as its predecessor. Refers to case law and practical considerations of Landlord and Tenant (Covenants) Act 1995 and Landlord and Tenant Act 1954 relating to break clauses.