It’s Not All About Pink Paper & Blue Paper – Break Clauses In Commercial Leases: Some Legal & Practical Points

Join Gary Pryce as he delivers the finale to our webinar series from our Property practice.

This webinar will consider the operation of break clauses in commercial landlord and tenant relationships, including:

• The characteristics and construction of break clauses
• The requirement for compliance with pre-conditions for the exercise of a break clause, which is:
  • Strict compliance
  • Substantial/Material compliance; or
  • Reasonable compliance
• The meaning and effect of common pre-conditions i.e.:
  • A service of notices in a particular form/method/content
  • Payment of all sums due under the lease
  • Performing all covenants; and
  • Giving vacant possession/yielding up
• Common practical issues following purported exercise of a break clause. including;
  • Retention of keys; and
  • Mitigating loss during a dispute as to a purported termination

Gary Pryce is an experienced practitioner (1997 Call) principally providing advisory, drafting and advocacy services in disputes concerning landlord and tenant law (commercial and residential property), real property law and other contentious Chancery disputes for a wide range of different clients in the Business and Property Courts, tribunals, arbitrations and mediations. He is currently instructed on various issues concerning the valid exercise of break clauses in the commercial landlord and tenant practice area. He has previously been nominated in the Legal 500 annual awards for the junior Property and Housing barrister of the year award.

This will be the last webinar of our 2024/2025 series, we will be taking a break over the summer and starting a new series in September 2025.