Hello
Im looking for advice on the following, much appreciated if anyone has any advice.
I Have a retail shop in London, on a lease for 10 years starting JAN 1st 2012.
The landlord "Large US Based Company" put in a covenant that reads as follows
[Tenant's Works Covenant
During the period from and including 1 January 2012 to 1 January 2013, to spend £19,250 (exclusive of VAT) or more upon the fabric and decoration of the Premises which is to include: decorating, painting, polishing and/or papering in good quality paint, polish or paper or other suitable and appropriate materials of good quality the Premises together with the shop front, fascia board and doors provided that the Tenant will obtain the Landlord's prior consent to the programme of works proposed by the Tenant to comply with this clause 4.6(a).
To produce to the Landlord a satisfactory schedule with accompanying evidence and receipts by 1 January 2013 proving that the Tenant has complied with its covenant in clause 4.6(a)above and listing the works which have been carried out pursuant to that obligation.)
In the end I spent around £24,000 and have shown them receipts & original invoices. They also approved for the work to go ahead in early 2012. The landlord has issued me section 146 for breach of covenant, and is trying to deduct from the £24,000 i spent by removing such things as labour / Scaffolding from my invoices.
He is also not accepting any rent for the shop, he just returned my cheque for £23,000 for the Apr - Jun quarter.
As the landlord has issued this section 146, is it possible that they can just come in at anytime and close the shop / change the locks?
If anyone can give me any advice that would be great.
Im looking for advice on the following, much appreciated if anyone has any advice.
I Have a retail shop in London, on a lease for 10 years starting JAN 1st 2012.
The landlord "Large US Based Company" put in a covenant that reads as follows
[Tenant's Works Covenant
During the period from and including 1 January 2012 to 1 January 2013, to spend £19,250 (exclusive of VAT) or more upon the fabric and decoration of the Premises which is to include: decorating, painting, polishing and/or papering in good quality paint, polish or paper or other suitable and appropriate materials of good quality the Premises together with the shop front, fascia board and doors provided that the Tenant will obtain the Landlord's prior consent to the programme of works proposed by the Tenant to comply with this clause 4.6(a).
To produce to the Landlord a satisfactory schedule with accompanying evidence and receipts by 1 January 2013 proving that the Tenant has complied with its covenant in clause 4.6(a)above and listing the works which have been carried out pursuant to that obligation.)
In the end I spent around £24,000 and have shown them receipts & original invoices. They also approved for the work to go ahead in early 2012. The landlord has issued me section 146 for breach of covenant, and is trying to deduct from the £24,000 i spent by removing such things as labour / Scaffolding from my invoices.
He is also not accepting any rent for the shop, he just returned my cheque for £23,000 for the Apr - Jun quarter.
As the landlord has issued this section 146, is it possible that they can just come in at anytime and close the shop / change the locks?
If anyone can give me any advice that would be great.