3.1 Explain The Consequences Of Breach Of Covenants
3.1 Consequence of breach of covenants
When a landlord leases his property to a tenant, he is under the obligation to monitor and ensure that the tenant is complying with the terms or covenants stipulated in the lease. Covenants such as the use of premises, insurance, keeping the business open, the right to assign, pay rent and repair are incorporated in lease agreements. If the landlord establishes that any of these covenants has been breached, he can bring an action against the tenant. But after the discovering the breach, if the landlord refrains from saying anything or taking any action it could be construed as waiving the right to forfeit the lease in relation to that breach. If the tenant breaches a covenant, the landlord has to determine
When a landlord leases his property to a tenant, he is under the obligation to monitor and ensure that the tenant is complying with the terms or covenants stipulated in the lease. Covenants such as the use of premises, insurance, keeping the business open, the right to assign, pay rent and repair are incorporated in lease agreements. If the landlord establishes that any of these covenants has been breached, he can bring an action against the tenant. But after the discovering the breach, if the landlord refrains from saying anything or taking any action it could be construed as waiving the right to forfeit the lease in relation to that breach. If the tenant breaches a covenant, the landlord has to determine