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LondonlawyerJ
LondonlawyerJ, Advocate
Category: Law
Satisfied Customers: 814
Experience:  Solicitor with over 15 years experience.
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I HAVE A PERSONAL LEASE ON A FACTORY WHICH I TOOK OUT 12.5

Resolved Question:

I HAVE A PERSONAL LEASE ON A FACTORY WHICH I TOOK OUT 12.5 YEARS AGO, AND STILL HAVE 2.5 YEARS LEFT ON THE LEASE. UNFORTUNATLY MY BUSINESS HAS DECLINED AND I AM IN ARREARS. THE LANDLORD WANTS TO RECLAIM THE ARREARS THROUGH COURT.CAN HE MAKE ME SELL MY HOUSE, BEARING IN MIND THAT MY HOUSE IS JOINTLY OWNED WITH MY WIFE AND HAS A MORTGAGE ON IT.I HAVE NO OTHER ASSETS TO SPEAK OF ,AS THESE HAVE BEEN GOBBLED UP BY THE BUSINESS.I AM 64 NEXT MONTH AND I MIGHT HAVE TO CLOSE UP IF I CAN,T FIND A WAY OUT.MAYBE YOU CAN TELL ME MY LEGAL POSITION. REGARDS ***** ***** TELE NO. ***********
Submitted: 2 years ago.
Category: Law
Expert:  LondonlawyerJ replied 2 years ago.
LondonlawyerJ :

Hello. I am a solicitor with over 15 years experience. I will try to help you with this.

LondonlawyerJ :

How much will he be claiming?

Customer:

£91,000.00 just over 12 months rent

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