PROVISO FOR RE-ENTRY. 5.1.1 This Clause 5.1 (Proviso for re-entry ) shall apply where: (a) the Specified Rent shall be unpaid for 21 days after becoming payable (whether formally demanded or not); or (b) if any covenant on the part of the Leaseholder shall not be performed or observed. 5.1.2 Subject to the Landlord obtaining any court order required the Landlord may at any time re-enter the Premises or any part of them and terminate this Lease. 5.1.3 Clause 5.1.2 does not affect any right of action or remedy of the Landlord in respect of any earlier breach of any of the Leaseholder’s covenants or the conditions contained in this Lease provided that (without prejudice to the Landlord’s rights under this Lease): (a) the Landlord shall give notice to the Mortgagee or any mortgagee of the Leaseholder of whom the Landlord has received notice pursuant to Clause 3.21 (Register disposals ) (as the case may be) before commencing any proceedings for forfeiture of this Lease or proceedings for possession of the Premises; and (b) if within a period of 28 days (or within such other period specified in the Landlord’s notice as the notice period, if longer) the Mortgagee or such mortgagee of the leaseholder of whom the Landlord has received notice (as the case may be) indicates in writing to the Landlord that it wishes to remedy such breach, and/or is going to take such action as may be necessary to resolve the problem complained of by the Landlord, the Landlord shall allow 28 days (or such longer time as may be reasonable in view of the nature and extent of the breach) to remedy such breach and take the action necessary to resolve such problem.
Appears in 1 contract
Sources: Shared Ownership Lease
PROVISO FOR RE-ENTRY.
5.1.1 This Clause 5.1 (Proviso for re-entryProviso for re-entry ) shall apply where:
(a) the Specified Rent shall be unpaid for 21 days after becoming payable (whether formally demanded or not); or
(b) if any covenant on the part of the Leaseholder shall not be performed or observed.observed.
5.1.2 Subject to the Landlord obtaining any court order required the Landlord may at any time re-enter the Premises or any part of them and terminate this Lease.
5.1.3 Clause 5.1.2 does not affect any right of action or remedy of the Landlord in respect of any earlier breach of any of the Leaseholder’s covenants or the conditions contained in this Lease provided that (without prejudice to the Landlord’s rights under this Lease):
(a) the Landlord shall give notice to the Mortgagee or any mortgagee of the Leaseholder of whom the Landlord has received notice pursuant to Clause 3.21 (Register disposalsRegister disposals ) (as the case may be) before commencing any proceedings for forfeiture of this Lease or proceedings for possession of the Premises; and
(b) if within a period of 28 days (or within such other period specified in the Landlord’s notice as the notice period, if longer) the Mortgagee or such mortgagee of the leaseholder of whom the Landlord has received notice (as the case may be) indicates in writing to the Landlord that it wishes to remedy such breach, and/or is going to take such action as may be necessary to resolve the problem complained of by the Landlord, the Landlord shall allow 28 days (or such longer time as may be reasonable in view of the nature and extent of the breach) to remedy such breach and take the action necessary to resolve such problem.
Appears in 1 contract
Sources: Lease Agreement