When you enter a commercial lease, you typically commit to the agreement until the end of the lease term. However, if a commercial tenant breaches the lease, such as non-payment of rent, the lease may contain the landlord’s right to forfeit the lease. Forfeiting a lease can involve peaceable re-entry or through a court order. In both scenarios, the lease agreement will end. This article will explain what it means to forfeit a lease.<\/p>\n\n\n\n
Forfeiture<\/a> is where a landlord evicts their tenant from the commercial property. Accordingly, the lease will terminate, and the landlord can access the property again. You may hear a person refer to this as \u2018re-entry\u2019.\u00a0<\/p>\n\n\n\n A commercial landlord may seek to forfeit a lease if their tenants do not abide by the lease terms. Some commercial lease agreements will also specify other instances where the landlord can forfeit the lease.\u00a0<\/p>\n\n\n\n Forfeiture of a lease can happen on two different days. One way is through peaceable re-entry. This means that the commercial landlord physically enters their property to gain back possession. They can either personally enter the property or ask the bailiff (legal officer) to do so on their behalf. Once they re-enter the property, they should leave a note for the tenant to indicate their forfeiture and details.<\/p>\n\n\n\n The alternative process for forfeiture is for the landlord to carry out legal proceedings. Here, forfeiture will take place through a court order. Forfeiture by legal proceedings requires a commercial landlord to follow civil procedure rules. Once the court makes an order for possession, the lease terminates<\/a>.<\/p>\n\n\n\n\n\n Continue reading this article below the form\n <\/i>\n<\/a>\nWhat is the Forfeiture Process?<\/h2>\n\n\n\n