[2023] UKUT 153 (LC)

The claimant exercised the break clause in the lease of the relocation property on 12 October 2020, incurring a £25,000 penalty. The lease was determined on 23 June 2021. The claimant also negotiated a further two year lease outside the Landlord and Tenant Act 1954 with effect from this same date, at a £nil rent (“the 2021 Lease”). From 23 June 2021, the claimant was only liable to pay the service charge, insurance rent and business rates. The 2021 Lease contains a rolling mutual break, determinable on six weeks’ notice from 23 March 2022. Neither party exercised the break, but the 2021 Lease in any event determined on 22 June 2023.