[CROYDON, 4/12/2017] - According to Section 146 of the Law of Property Act 1925, the right of re-entry is a landlord’s unilateral right to forfeit a commercial lease in the event of a breach by a tenant. MS Webb & Co. notes that when a commercial lease is successfully forfeited, all interests created out of it will also be forfeited.

Forfeiture Pitfalls

Lawyers that specialise in the possession of property state that there are certain pitfalls of forfeiture to avoid when forfeiting a commercial lease. Forfeiting a commercial lease in a weak market can leave the landlord with a property that is unable to be sold, which results in a loss in rental income.

Property lawyers also state that another pitfall to avoid is if the property is left vacant, it is more likely to be vandalised. If the main property has additional small properties close to its proximity, the other properties will be devalued.

To avoid these pitfalls, lawyers suggest that forfeiture can be implemented by peaceful entry or through court proceedings. Landlords should know which action is appropriate and which relevant procedures should be followed. When re-entering a property peacefully, it is best practice to contact bailiffs for legal advice.

Commercial Forfeiture of Lease by MS Webb & Co.

MS Webb & Co. helps clients avoid the pitfalls of taking back possession of their commercial property by directly working with them. The company’s property lawyers ensure that they will handle the entire repossession process efficiently. They will also try to resolve the situation in the most amicable and professional manner.

MS Webb & Co.’s forfeiture of commercial lease services include on-site inventory, putting up notices, security, changing locks and more.

About MS Webb & Co.

Founded in 1994, MS Webb & Co. has established itself as one of the most trusted bailiff companies throughout England and Wales. Their bailiffs uphold the highest standards of professionalism by operating strictly within the law. The company strives to resolve legal cases in an efficient and peaceful manner.

For more detail about MS Webb & Co., call 0844 544 4804 or visit http://mswebb.co.uk.