What is forfeiture?
Forfeiture is essentially an action to terminate a lease in accordance with the Landlord and Tenant Act 1954. Since February 2005 for residential properties it is a requirement to first seek sanction that the proposed act you intend to rely on to forfeit a lease is a "breach of covenant" without first seeking this sanction any forfeiture action would be invalid.
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What is forfeiture?
Forfeiture is essentially an action to terminate a lease in accordance with the Landlord and Tenant Act 1954. Since February 2005 for residential properties it is a requirement to first seek sanction that the proposed act you intend to rely on to forfeit a lease is a "breach of covenant" without first seeking this sanction any forfeiture action would be invalid.
Valuation Services provided by The Ringley Group
Meet our Expert Property Commentators