Leaving a property early
If you wish to leave your rented premises before the end of your lease agreement there are a number of things you may need to be aware of.
Unless your lease includes a break
In order for this agreement to be reached the commercial deal behind a surrender will be determined by both the state of the market and on the position of the particular parties.
It is also useful to know that VAT may or may not be payable on a surrender or reverse surrender, depending on whether the recipient of the payment has exercised the “option to tax” and stamp duty land tax (SDLT) will be payable if the landlord pays more than £150,000 to the
On a surrender, there will often be negotiations about the tenant’s repair obligations. Invariably, these negotiations on the terminal
If you have any questions, our property team will be able to explain further please call Caroline Wilton or Martin Banham-Hall on 01908 662277