• The Landlord has appointed external agents to undertake rent reviews and lease renewals across its commercial estate.
• The appointed agents have advised that following attempts at engaging with the Tenants, they have been unable to make any progress in the matter of the lease renewal, the Tenant stating it intends to continue to “hold over” under the terms of an expired lease.
• The notice to be served is a statutory notice which will bring the existing lease to an end. The notice is non-hostile – i.e. the external agent has provided Heads of Terms which will be included with the statutory notice and which form the basis of the Landlord’s proposal for a new Lease term.