Exercising break options
It is obviously advantageous to one party to a lease if the other experiences difficulties in operating the terms of any option to break.
The failure to serve a valid notice can have drastic consequences. If a break is only exercisable at certain fixed times and a party misses the opportunity to terminate the lease the error can prove very expensive.
We advise on the procedure for exercising rights to terminate. We also handle disputes, including challenges to the exercise of break rights, applications for declarations that a break was effective, and related professional negligence actions.
Our team’s experience of the latter includes acting on claims against surveyors and solicitors on behalf of claimants, defendants and their insurers.