List four circumstances under which a leasehold may be terminated

A lease may be terminated in any of the following ways:
• Notice: either party may notify the other its intention to terminate the lease where the tenancy does not specify the date of termination or intends to terminate the same earlier.

• Forfeiture: This is the right of the landlord or grantor to re-enter the demised premises and thus prematurely terminate the lease. This will be actuated by certain breaches. It is exercisable pursuant to a forfeiture clause.
• Expiration or lapse of time: All fixed term leases generally terminate or expiration of such time.
• Surrender: this is the giving up by the tenant to the landlord of his interest in the premises. It must be made in a prescribed form executed by the tenant. It may also be implied from the conduct of the tenant.
Merger: under the provisions of the I.T.P.A a lease of immovable property determines if the property in question becomes vested in the lessee. Under the R. L. Act a merger must express.
• Conversion.

Leave a Reply

Your email address will not be published. Required fields are marked *