Landlords Alliance – Emergency Euro Elections Statement21:09 PM, 21st May 2019
About 6 days ago 77
I have a bought 200 year commercial shop lease for £90,000. At the time of purchase it was tenanted.
I have split the shop into two and let it separately. The freeholder wrote me saying that I have breached the covenants of lease and that I should bring back to its old state within reasonable time otherwise they will go for forfeiture of the lease as it is done without their prior permission. Their ground rent is £100 per year .
Freeholder has agreed to give retrospective consent and asked £300+VAT. It is paid to freeholder. Then his in house solicitor wrote to me saying that offer has expired and the money is adjust towards his fee of £500.
Do I have to demolish the wall and cancel the letting agreement of my tenants?
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