Sentences with phrase «break clause»

If one your renters breaks a clause in your lease agreement, you need to handle the situation right away.

Successfully exercised numerous break clauses and provided advice and guidance on compliance with complex break conditions for a global real estate firm and a number of national retailers.

Responding in The Guardian, Mackinson dismissed that idea, saying, «There isn't any sort of break clause [with Bertelsmann].

• drafting special clauses for farm business tenancies, e.g. break clauses for development, replication of the succession provisions of the 1986 Act;

Plus500's embattled management approved the bid, and looks likely to go through, but the offer has various break clauses in it that would allow Playtech to walk away.

Ibe joined Steve McLaren's Rams earlier in the season on a deal that was due to run for the length of the season, but it had a January break clause that has now been activated by the Reds, on account of the teenager's impressive displays for a Derby side in the thick of the race for promotion from the second tier.

Whitehall has negotiated break clauses in contracts supplying IT software and hardware to keep existing suppliers on their toes and encourage rivals by no longer locking them out for long periods of time.

Punitive break clauses meant they stood to pay out over # 1m in compensation, but thanks to the excellent relationship we had with the supplier concerned, and the leverage this bought us, the slate was wiped entirely clean.

With the dust having firmly settled and break clauses tweaked following last year's landmark case of Marks & Spencer plc v BNP Paribas, where it was deemed that rent paid in advance before a break date would not have to be refunded for the post break period unless the lease expressly stated this, a new...

His recent experience includes a # 21m break clause dispute for a major transport sector client; a # 10m p.a. rent review at key London office premises for a high street bank; and the rating appeal of Europe's largest retail property.

He leads a team with a broad range of experience across the full scope of property disputes including adverse possession claims, squatter evictions, compulsory purchase, easements, wayleaves and other third party rights, dilapidations claims, lease renewal litigation, the operation of break clauses, possession claims and housing law litigation.

Break clauses in leases are another risk area with falling rental values.

Silverstone's owner the British Racing Drivers» Club admitted it was considering whether it will activate a break clause in its British GP contract.

Silverstone's contract runs to 2026 but, apparently, there's a break clause for 2019, which would need to be activated before this year's race in July.

The BRDC signed a new contract for 17 years at the end of 2009, but it included a break clause that allowed the track to drop the race after 2019.

The owners of Silverstone, the British Racing Drivers» Club (BRDC), has triggered the break clause in its Formula 1 contract

«However, I want to be clear that although we have now activated the break clause, we are fully supportive of the changes the Liberty team are making to improve the F1 experience.

Last week Silverstone's owners, the BRDC, triggered the break clause in it's F1 contract, meaning that it will no longer hold the British Grand Prix following the 2019 event.

It's the only suitable venue for the British GP and the break clause now means it can try to renegotiate better terms with Liberty Media, but the new F1 owners don't seem happy about it.

A recent leaked letter from the BRDC chairman saying Silverstone was looking into activating a break clause in its contract cast the future of the British GP into doubt.

Following on from recent rumours and reports, the BRDC has now announced that it has activated the break clause in its British Grand Prix contract.

«The board is considering whether we should exercise the break clause in the BGP contract at the end of 2019.

Silverstone's owner the British Racing Drivers» Club is currently considering whether to activate the break clause in its GP contract, which could make the 2019 edition the last at the Northamptonshire venue.

Allardyce is said to have been due a bonus in the region of # 2million for helping retain the Eagles» top - flight status, while also holding a break clause in his Palace contract which could be initiated following six months at the helm.

Less than 10 days after the 2015 general election the Labour leader in the House of Lords said that party needed a break clause with their new leader in 2018.

There are lots of points to consider when letting sporting rights: what game is to be pursued; are there any buildings; is rent to be paid; if there is to be a break clause; who is to control vermin; where will vehicles park so as not to cause problem; how many guns can use the sporting rights; where can guns stand (not in the kitchen garden!)

The break clause permitted termination in January 2012 by giving six months» prior written notice.

Many leases now contain a break clause option that allows the tenant to terminate the lease on a rent review date.

The claim related to the tenant's break clause in the lease, which was exercised by M&S to determine the lease on 24 January 2012.

After some judicial disagreement, it appears now to be settled that the fact a lease includes a break clause does not prevent it from being a lease for a term of years certain within the meaning of these sections.

Therefore, as a general principle, rent is not recoverable after the lease is terminated early whether by forfeiture, surrender or exercise of a break clause if the lease provides that it must be paid in advance and does not make express provision for apportionment.

The final decision in this ongoing saga, being that without an apportionment clause in a commercial lease there is no ability to recover a period's rent paid in order to ensure compliance with the conditionality attached to a break clause.

The recent Supreme Court decision in Marks and Spencer plc v BNP Paribas Securities Services Trust Company (Jersey) Limited and Another [2015] UKSC 72, [2015] All ER (D) 24 (Dec) dealt with that perennial source of contentious work for the landlord and tenant specialist, a tenant's break clause in a commercial lease.

This case concerned a claim by Marks & Spencer (M&S)(as business tenant) against its landlord BNP Paribas (BNP) for an apportioned refund of advance quarterly rent for a period when they were not in occupation after exercising a break clause.

A claim about whether a break clause in the lease of a Central London nightclub had been properly exercised including a legally complexed claim for dilapidations;

Jennifer regularly advises landlords and tenants, including individuals, corporate and public bodies on a broad range of subjects including dilapidation claims, forfeiture, possession proceedings (including squatter eviction), easements, opposed and unopposed lease renewals, operation of break clauses, rent reviews and other forms of landlord and tenant disputes.

The Court determined that service had been effective of the break clause on the facts of this case.

To be valid, the break clause would need to be validly served by a set deadline 6 months prior to the early termination date.

pursing a negligence claim against a firm of solicitors for loss of profit for failing to exercise a break clause in a commercial lease

But a right can be created with a break clause having contractual force.

Advising on break clauses including successfully advising a tenant on steps required to comply with payment conditions attached to a break option and then recovering overpayment and acting on behalf of tenant on a dispute as to whether it had provided vacant possession.

They would have to unanimously agree, then apply a break clause or have the landlord's agreement.

If you are serving a notice, whether under a break clause or other contractual provisions, service by the due date and on the right party is critical.