Hey guys
I was wondering if my tenant can move out at the 'rights of renewal' stage? Or are they locked in till 2016 (in my case)
Hope someone can help
I will copy exactly what my lease agreement says
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Deed of Renewal of Lease
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Schedule
Date of Lease: 17 April 2008
Demised Premises:
Date of expiry of original Lease: 31 March 2012
Term of Renewal of Lease: Four (4) years
Date of commencement of renewed term: 1 April 2012
Date of expiry of renewed term: 31 March 2016
Annual rent for renewed term:
Rent Review Dates: 1 April 2014, 1 April 2016 and 1 April 2018
Term of further right of renewal: One (1) of four (4) years
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Thanks in advance for your help / suggestions
I was wondering if my tenant can move out at the 'rights of renewal' stage? Or are they locked in till 2016 (in my case)
Hope someone can help
I will copy exactly what my lease agreement says
-----------
Deed of Renewal of Lease
-----------
Schedule
Date of Lease: 17 April 2008
Demised Premises:
Date of expiry of original Lease: 31 March 2012
Term of Renewal of Lease: Four (4) years
Date of commencement of renewed term: 1 April 2012
Date of expiry of renewed term: 31 March 2016
Annual rent for renewed term:
Rent Review Dates: 1 April 2014, 1 April 2016 and 1 April 2018
Term of further right of renewal: One (1) of four (4) years
-----------
Thanks in advance for your help / suggestions
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