johnsimpson
28-06-2005, 17:46 PM
Hi there ..can anyone help, we are totally confused. Upon drawing up a lease for a small retail shop we own, we were advised to seek a County Court Order excluding Clauses 24 and 25. Which we did.
Now, looking back, we can't make head of tail of the implications (sorry, but we are new to this). It seems to read both ways.
If both parties have agreed that the provisions of clauses 24 and 25 should be excluded from the tenancy, does this mean that we (the Landlords) still have the right to terminate the tenancy after the 5 years of the lease (we are considering redeveloping the premises to increase the retail space by 100%) or are we bound to offer an extension of the Tenancy?
Any advice gratefully accepted
kind regards
John Simpson
Now, looking back, we can't make head of tail of the implications (sorry, but we are new to this). It seems to read both ways.
If both parties have agreed that the provisions of clauses 24 and 25 should be excluded from the tenancy, does this mean that we (the Landlords) still have the right to terminate the tenancy after the 5 years of the lease (we are considering redeveloping the premises to increase the retail space by 100%) or are we bound to offer an extension of the Tenancy?
Any advice gratefully accepted
kind regards
John Simpson