Break Clauses – Traps for Tenants – A cautionary tale
In a recent case (Avocet Industrial Estates LLP v Merol and another  EWHC 3422 (Ch), the Court held that a Tenant invalidly exercised its right to break its lease because it had not made all payments due under wholesale NBA jerseys the lease as required by the break clause. In this Legal case, as is common in most commercial leases, wholesale MLB jerseys the lease required the payment of default interest on late payments. The Tenant served its break notice in the appropriate form on the Landlord and a day before the break date the Tenant sent the Landlord the Discount principle rent due by cheque, the keys and confirmed the premises were vacant. However, before the expiry of the break notice, the Tenant had State paid The its rent or insurance late on three occasions. Notwithstanding the fact that the Landlord did not issue a demand for default interest on these late payments at the time, the Landlord wrote to the Tenant after the Wholesome expiry of the break date advising that the Tenant had not compiled with the break clause because firstly, a cheque was not acceptable (the Landlord required cleared funds by the break date) and secondly, default interest was due because the Tenant had paid rent and other sums late.
The judge held that whilst the outcome was a cheap MLB jerseys “harsh one”, the Tenant had lost its right to break the lease and was bound for wholesale jerseys the remainder of the term. The decision cheap jerseys highlights the importance of obtaining the correct legal advice before negotiating new leases and seeking to exercise – your right to break.