Recovering Unpaid Rent and Securing a New Tenant

Background

Our London-based client, a commercial landlord, faced a difficult situation with a tenant who had stopped paying rent. Initially, they considered allowing the tenant to walk away — despite significant unpaid rent and liabilities — because they believed they had a new tenant lined up. However, they needed legal guidance to assess their options and recover what was owed.

Approach

We provided clear, strategic advice on forfeiting the lease and recovering outstanding rent while also working towards a commercial resolution. We outlined the legal position to the tenant, prompting them to engage their own solicitor. Negotiations followed, where we worked to secure the best outcome for our client. Simultaneously, we collaborated with our Commercial Property team to finalise terms for a new lease with an incoming tenant.

Outcome

Our client not only recovered unpaid rent — money they had initially considered lost — but also successfully secured a long-term lease with a new tenant. This ensured financial stability and continuity for the property, turning a difficult situation into a positive commercial outcome.