When a commercial tenant breaches a lease, it can be a frustrating and stressful experience for landlords. However, it is important to remember that there are legal avenues available to deal with the breach.
The first step is to review the lease agreement and determine the nature of the breach. Depending on the type of breach, there may be different remedies available, such as termination of the lease or seeking damages.
It is recommended to seek legal advice before taking any action as there may be specific legal procedures that need to be followed. If the tenant is in arrears, landlords may be able to issue a notice to vacate or a notice of default to recover the rent owed. If the tenant has caused damage to the property, landlords may need to seek compensation for repairs.
In some cases, landlords may be able to negotiate a resolution with the tenant without resorting to legal action. However, if the breach continues, it may be necessary to escalate the matter to a tribunal or court. It is important for landlords to act promptly and take appropriate legal action when a commercial tenant breaches a lease. Delaying action can result in further losses and damage to the property.
Geelong Legal can assist landlords with breach of lease issues by providing legal advice, drafting correspondence, and representing them in tribunal or court proceedings.
Our experienced Geelong property lawyers help landlords protect their interests and ensure that their property is managed in accordance with their lease agreement.