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Forfeiture of Lease Definition

Lease forfeiture occurs when a tenant breaches the terms of their lease agreement, and the landlord exercises their right to terminate the lease.

This can happen for a number of reasons, including failure to pay rent, damage to the property, or disruptive behaviour. Lease forfeiture is a serious matter that can have lasting consequences for both the tenant and the landlord.

There are two types of forfeiture: constructive and actual. Constructive forfeiture occurs when the tenant breaches the lease agreement, but the landlord does not take any action to terminate the lease.

The landlord may still be able to evict the tenant for other reasons, such as non-payment of rent or damage to the property.

Actual forfeiture occurs when the landlord takes affirmative steps to terminate the lease, such as changing the locks on the property or posting a notice of eviction.

Depending on the stage of lease forfeiture, you may have already reached this point and are awaiting expert assistance to guide you further.

What are the Consequences of Lease Forfeiture?

The consequences of lease forfeiture can be serious. If you are facing a situation involving forfeiture, it is important to understand your rights and options. An experienced professional can help you navigate the forfeiture process and protect your interests.

If your landlord forfeits your lease, you will lose your right to live in the property. If you are the landlord, you have the right to take back your property if your tenant didn’t hold up their end of the lease agreement.

Regardless of whether you are the tenant or the landlord, it is important to consult an expert to understand your rights and options if you are facing lease forfeiture.

As a Landlord, You Have a Right to Repossess Your Property

If you are a landlord, you have a right to repossess your property if the tenant breaches the terms of their lease agreement. What’s important is that you go about repossession professionally and legally.

At MS Webb, we have a team of experienced professionals who can help you navigate the forfeiture process and protect your interests. We understand the law, and we know how to protect your rights.

If you are facing a situation involving lease forfeiture, contact us today. We can help you understand your options and take the necessary steps to protect your interests.

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