Time is money when brokering a deal over breaking leases

摘要

The message Parties seeking to exercise a right to break a lease must ensure they comply with the lease requirements on where the break notice is to be served.The case Hotgroup v the Royal Bank of Scotland (28.05.10) judgment highlights the importance of ensuring any notices to terminate a lease are served in accordance with its provisions. Failure to do so may lead to an inability to end the lease early. This may have a serious impact on the financial position of the party serving the notice.