The issue:
Our client owned two buildings that were leased to a leading red-brick university, for use as student halls. At the time, the halls were leased to the university on a pepper corn rent, despite the university generating significant profits renting out rooms to students.
How we helped:
We advised our client of its entitlement to market rent, and took steps to terminate the lease under the process provided under the Landlord & Tenant Act 1954. This gave the university the opportunity to take a new lease, but only at market rent.
The university decided not to take a new lease, and vacated the buildings, leaving them in a poor standard of repair and condition. We successfully pursued a dilapidations claim on behalf of our client, and negotiated a substantial settlement.
Speak to a solicitor
If you, or one of your clients, have a similar issue regarding a building owned by a charity or religious organisation, please contact us on on 0330 320 1440, or email us at hello@hagenwolf.co.uk.
