Tenants Pay Price for Errors ; Legal Update Too Many Commercial Property Tenants Are Getting It When When They Try to Exercise Break Clauses in Their Leases, Explains Property Litigation Expert James Coles

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Midland companies are still failing to extract themselves from property leases they no longer want - and as a result losing thousands of pounds, according to Black Country law firm George Green. In a survey of commercial tenants, carried out by the Cradley Heath-based law firm, it found that one in four companies which tried to exercise break clauses in their property leases got it wrong.

James Coles, head of property litigation at George Green, says that getting the timing of break notices wrong and failing to follow the exact conditions laid down in lease terms are the two most common causes for companies losing the chance to break their leases.

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Tenants Pay Price for Errors ; Legal Update Too Many Commercial Property Tenants Are Getting It When When They Try to Exercise Break Clauses in Their Leases, Explains Property Litigation Expert James Coles

"Missing the deadline for a break clause, or not serving on the correct person, means that tenants miss the chance to exercise it and are then stuck in a building where they no longer want to be and obliged to pay rent on it until the end of the leas...

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