Ways through which a lease might be terminated

Explain five ways through which a lease might be terminated

  • Effluxion of time – This is where the lease period expires.
  • By notice – The lease sometimes gives the tenant and the landlord the right to terminate the lease before the end of the contractual period.
  • By surrender – The lessee gives back possession to the lessor.
  • Forfeiture – The lessor has the right of forfeiture of the lease if the lessee breaks any express condition of the lease.
  • Frustration –A lease is frustrated if any material part of the property is wholly destroyed or substantially destroyed and becomes permanently unfit for the purpose

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