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Property Patter: Break options in renewal leases

Property Patter: Break options in renewal leases

How break rights work for business tenancies protected by the 1954 Act

What grounds does a landlord need to satisfy in order to terminate this type of lease? And when can a landlord or a tenant seek to insert a break option into a renewal lease? Richard Flenley and Emma Preece join Emma Humphreys takes a closer look.

Cases referred to during this podcast are listed below:

O’May v City of London Real Property Ltd [1982] 261 EG 1185
HPUT Trustee No 1 Limited & HPUT Trustee No 2 Limited v Boots UK Limited (County Court at Central London, Unreported, 24 May 2021)
Reohorn v Barry Corporation [1956] 1 WLR 845
Adams v Green [1978] 2 E.G.L.R. 46
National Car Parks Ltd v The Paternoster Consortium Ltd [1990] 1 EGLR 99

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Our thinking

Basic Guide to Different Types of Liabilities and Claims Under the Building Safety Act 2022

Hannah McDonald

Insights
24 Mar 2023
The Building Safety Act 2022 (BSA) has introduced a new regime with a particular emphasis on “higher-risk buildings” Read More The Building Safety Act 2022 (BSA) has introduced a new regime with a particular emphasis on “higher-risk buildings”
Defect Claims in Construction Projects

Sam Johnson

Insights
24 Mar 2023
This article tackles what a construction defect is, where the liability for such defects sits, and how defect claims might be resolved. Read More This article tackles what a construction defect is, where the liability for such defects sits, and how defect claims might be resolved.
FT Adviser quotes Sarah Higgins on the abolished LTA and how this affects divorce and inheritance

Sarah Higgins

In the Press
23 Mar 2023
How could the abolished LTA affect divorce and inheritance? Read More How could the abolished LTA affect divorce and inheritance?
The Times quotes Karen Stages on solicitor apprenticeships

Karen Stages

In the Press
23 Mar 2023
“We have been offering apprenticeships for six years, and this year marks the year that our first cohort will qualify as solicitors. " Read More “We have been offering apprenticeships for six years, and this year marks the year that our first cohort will qualify as solicitors. "
The Times quotes Rupa Lakha on the Indian legal services market opening up to foreign lawyers

Rupa Lakha

In the Press
23 Mar 2023
Rupa Lakha reacts to the Indian legal services market opening up to foreign lawyers, providing new opportunities for collaboration. Read More Rupa Lakha reacts to the Indian legal services market opening up to foreign lawyers, providing new opportunities for collaboration.
Property Patter: Spring Budget 2023

Samuel Lear

Podcasts
22 Mar 2023
Our Real Estate team discuss what the Spring Budget means for Property-focused businesses. Read More Our Real Estate team discuss what the Spring Budget means for Property-focused businesses.
Sarah Wray writes for eprivateclient on the tax implications to consider when developing a garden

Sarah Wray

In the Press
21 Mar 2023
Losing the plot: Tax implications of developing the garden Read More Losing the plot: Tax implications of developing the garden
Felicity Chapman writes for Circle2Success on changes to Capital Gains Tax rules

Felicity Chapman

In the Press
20 Mar 2023
Separating Spouses and Civil Partners to Benefit from Changes to Capital Gains Tax Rules Read More Separating Spouses and Civil Partners to Benefit from Changes to Capital Gains Tax Rules
LexisNexis features Patrick Gearon FCIArb in its UAE Managing Partner Report

Patrick Gearon FCIArb

In the Press
20 Mar 2023
"We hope to continue to grow all three of our Middle East offices and grow our presence in other key markets in the Middle East..." Read More "We hope to continue to grow all three of our Middle East offices and grow our presence in other key markets in the Middle East..."
Failing to prevent is preparing to fail - the new "failure to prevent" fraud criminal offence

Abigail Rushton

Insights
17 Mar 2023
The "Bill" has proposed a new criminal offence for corporate entities for the failure to prevent fraud. Read More The "Bill" has proposed a new criminal offence for corporate entities for the failure to prevent fraud.
Better to prepare and prevent: Martyn’s Law

Rosie Foster

quick reads
17 Mar 2023
In the latest drive by the Government to improve the UK’s resilience to terrorism, ‘Martyn’s Law’, also known as the ‘Protect Duty’, has been intro... Read More In the latest drive by the Government to improve the UK’s resilience to terrorism, ‘Martyn’s Law’, also known as the ‘Protect Duty’, has been intro...
Digital Assets in 2022-23: Key Developments & Trend Spotting in the UK, Switzerland, the Middle East & Hong Kong

Nick White

Insights
17 Mar 2023
We explore key developments & trend spotting in the UK, Switzerland, the Middle East & Hong Kong for digital assets. Read More We explore key developments & trend spotting in the UK, Switzerland, the Middle East & Hong Kong for digital assets.
Tips on managing disputes after the Privy Council refuses to hear appeal in Perry offshore trust litigation

Sarah Moore

Insights
17 Mar 2023
The Privy Council refused to hear appeal in Perry offshore trust litigation - here are tips on managing trust disputes. Read More The Privy Council refused to hear appeal in Perry offshore trust litigation - here are tips on managing trust disputes.
Spring Budget - Corporate Tax

Helen Coward

Insights
17 Mar 2023
The Chancellor clearly hopes that the new first year allowance will incentivise business investment. Read More The Chancellor clearly hopes that the new first year allowance will incentivise business investment.
Spring budget 2023: a quiet budget for farmers?

Sarah Wray

Insights
16 Mar 2023
A couple of points from Jeremy Hunt’s budget speech that are relevant to farmers and landowners. Read More A couple of points from Jeremy Hunt’s budget speech that are relevant to farmers and landowners.
Silicon quotes Nick White on what the 2023 Spring Budget means for UK tech

Nick White

In the Press
16 Mar 2023
"...now is the time for the UK to invest significantly in an attempt to build up its credentials as a global tech leader in its own right.” Read More "...now is the time for the UK to invest significantly in an attempt to build up its credentials as a global tech leader in its own right.”
Pharmaphorum quotes Louise Ward on the Budget and what this means for the biopharma sector

Louise Ward

In the Press
16 Mar 2023
"The new R&D tax credits scheme will be welcomed by small and medium sized companies." Read More "The new R&D tax credits scheme will be welcomed by small and medium sized companies."
A Budget to shout about?

William Marriott

quick reads
15 Mar 2023
Despite some speculation, the Spring Budget was a muted affair for property in the end. Of course, the housing market is affected by the wider econ... Read More Despite some speculation, the Spring Budget was a muted affair for property in the end. Of course, the housing market is affected by the wider econ...
Creating a trans inclusive workplace

Syma Spanjers

Insights
15 Mar 2023
This briefing looks at the legal and practical issues that commonly arise in creating a trans inclusive workplace. Read More This briefing looks at the legal and practical issues that commonly arise in creating a trans inclusive workplace.
Dealing with an Insolvent Contractor

Joseph Bearman

Insights
14 Mar 2023
Learn how to deal with an insolvent contractor, by following our step by step guide. Read More Learn how to deal with an insolvent contractor, by following our step by step guide.

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