I have an 8yr lease of a shop. I cannot afford to keep the shop open anymore. The lease states that if I default, the lease goes back to the previous leaseholder. Can I be sued in any way. All rent and utilities are paid up to 30th Sept.
I replied saying the lease is in my name, not the shop.but have had no reply.
Yes. The landlord is saying that even if I close the shop for trading, I must still pay rent. The lease does say ,however, that if I default, the lease can revert back to the previous owner. Jeanette.