Anchored Down: Long-Term Leases and the Limits on Landlord Exit Rights

You are a landlord with a prime commercial property and redevelopment plans. Your anchor tenant has occupied the premises for decades and holds renewal options with no intention of leaving, but the consent needed under the Planning Act to extend the lease beyond 21 years was never secured. Can you rely on that failure to terminate the anchor tenant's lease and freely proceed to pursue your plans for redevelopment?... By: Bennett Jones LLP