Commercial Tenant EvictionForfeiting a Commercial Lease
Commercial Tenant Eviction
There are a few reasons why a Commercial Landlord seeks to take back possession of their Commercial premises. The most common of which is due to non payment of Commercial Rent.
Taking back possession of a Commercial Premises when it is occupied is known as Forfeiture. To forfeit a lease, there should be a clause within the Commercial Lease to allow for this to happen.
Forfeiture is often executed via ‘peaceable re-entry. This usually involves Certificated Bailiffs entering the premises and changing the locks.
If you are seeking to forfeit because the rent has not been paid, then you wish may to seek another option. This process is called Commercial Rent Arrears Recovery. (CRAR)
This involves an appointed Enforcement Agent seizing goods on the property to clear any Rent Arrears owing.
For information on how we can help with Commercial tenant Eviction, contact us today
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