Forfeiture

10.7.1. If at any time the rent or any part of the rent shall remain unpaid for 14 days after becoming payable (whether formally or legally demanded or not); or if any agreement or obligation on the Tenant’s part shall not be performed or observed; or if the Tenant shall become bankrupt or enter into a Voluntary Arrangement with his Creditors; or if any of the grounds listed in Schedule 2 of the Housing Act 1988 as amended by the Housing Act 1996 apply, being Ground 2, 7A, 8, 10, 11, 12, 13, 14, 15 or 17; then the Landlord may re-enter upon the Premises provided he has complied with his statutory obligations and has obtained a court order and at that time the Tenancy shall end, but the Landlord retains the right to take action against the Tenant in respect of any breach of the Tenant’s agreements and obligations contained in the Tenancy.

Intention of the Clause:
This clause outlines the conditions under which the landlord may re-enter the property and terminate the tenancy.

Why It's Important:
It provides a legal framework for the landlord to regain possession of the property under specific circumstances, while also outlining the tenant's rights.