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Thanks for the suggestion. I am currently seeking legal advice so this does not become messy! Ideally yeah I want to cut this guy off cleanly but really would like that income flowing with his partner whilst looking for a tenant! The headaches of commercial!!!

It's actually a standard retail lease, under this he cannot transfer it without my approval. The bigger question I guess is the 5 year option which is coming up in Jan 14. What I am trying to avoid I suppose is really them both exercising this option (if they can). In all honestly, they've...

Hi, I have a tenant who is in financial difficulty/verge of folding up his business, he has approx 6 months left of his first term (we signed a 4x5) with an option for 5 years to renew. He wants to transfer his lease to his business partner who wants to buy him out/continue operations. I am...