The owners approached us to secure vacant
possession of the 2nd and 3rd floor offices from a Tenant
who enjoyed Landlord and Tenant rights, although they have been holding over
for 4 years in a rising market.
The back rent, used following agreement,
persuaded the Tenant to accept a premium, which was less than statutory compensation,
to give up their renewal rights, and vacate so that our client could proceed
with development plans, which the Tenant could have held up for a year and a
half.
A satisfactory outcome indeed.
Professional | Anthony Lorenz
