Commercial Leases

that just because a business Lease states it has an end date, that lease will not generally come to an automatic end unless or until a relevant written notice has been served by one party to the other referring to the exact terms of the lease.

When seeking to enforce a commercial document, such as a lease or a finance agreement, some well-crafted agreements allow the landlord and the lender to register the agreement and later use that agreement itself to seek payment, carry out debt recovery or ultimately proceed with bankruptcy or insolvency without ever incurring the cost or delay of going to court. The process used here is called summary diligence and if properly utilised it could potentially allow a creditor to freeze land, property, other assets or money due by other people.