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Land Law: Lease Termination
A lease can be terminated in a variety of ways. These are the following: expiration: this would take place if the agreed-upon fixed term of the lease came to an end. For instance, if a 12-year lease is granted, the tenant will forfeit their legal estate rights and the freehold estate owner will regain ownership at the conclusion of the lease term.
However, this is extremely uncommon; instead, the majority of owners of leasehold estates will either apply to renew the lease or buy the freehold reversion.
forfeiture: As mentioned in the section on remedies, forfeiture would also result-in the termination of the legal lease.
Again, to put it simply, surrender is the decision made by the leaseholder to return the leasehold estate to the freeholder in the event that they decide they no longer want to be the owners of it. To guarantee that the leaseholder has given their complete assent, this needs to be finished with a deed.
merger: in the end, the leaseholder had the option to apply to buy the freehold reversion. In that case, they may file an application to combine the leasehold and freehold legal titles. Once more, this is not covered in this revising guide.
A lease can be terminated in a variety of ways. These are the following: expiration: this would take place if the agreed-upon fixed term of the lease came to an end. For instance, if a 12-year lease is granted, the tenant will forfeit their legal estate rights and the freehold estate owner will regain ownership at the conclusion of the lease term.
However, this is extremely uncommon; instead, the majority of owners of leasehold estates will either apply to renew the lease or buy the freehold reversion.
forfeiture: As mentioned in the section on remedies, forfeiture would also result-in the termination of the legal lease.
Again, to put it simply, surrender is the decision made by the leaseholder to return the leasehold estate to the freeholder in the event that they decide they no longer want to be the owners of it. To guarantee that the leaseholder has given their complete assent, this needs to be finished with a deed.
merger: in the end, the leaseholder had the option to apply to buy the freehold reversion. In that case, they may file an application to combine the leasehold and freehold legal titles. Once more, this is not covered in this revising guide.
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