What is a Lease Forfeiture

For more information, visit: https://www.lawdepot.com/?pid=pg-BFYM... The term lease forfeiture is often used to refer to situations that arise with commercial leases. In some countries, a landlord of a commercial property has the right to end a lease if a tenant fails to adhere to the terms of the contract. Typically, landlords exercise the right to a lease forfeiture when a tenant has failed to pay the agreed amount of rent on a commercial property. In some cases, however, a landlord will also exercise his forfeiture rights because the tenant has breached the lease agreement in some other manner. For example, a landlord may want to end a lease because the tenant is engaged in illegal activity on the premises.