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ARTICLE · 16 MAY 2023

Terminating Commercial Tenancies

Myerson Solicitors LLP
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Landlords and tenants within the retail, hospitality, and leisure sectors continually have to adapt their portfolios and business on account of market pressures; for landlords...

United KingdomReal Estate and Construction
Myerson Solicitors LLP
Myerson Solicitors LLP

Landlords and tenants within the retail, hospitality, and leisure sectors continually have to adapt their portfolios and business on account of market pressures; for landlords, that may involve terminating commercial tenancies to carry out redevelopment work.

That work may involve adapting workplaces for hybrid working and attracting tenants back into the office.

Landlords will also want to recover possession of premises from difficult tenants, replacing them with occupiers with improved covenant strength.

In recent times, the increase in the cost of living and inflation has meant that many businesses within the hospitality and leisure sector have found it difficult to trade and pay rent; therefore, the possibility of terminating their lease is particularly attractive.

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