The applicant commercial tenant brought an urgent application to recover possession of leased premises after being locked out by the respondent landlord for non-payment of a security deposit.
The parties had orally agreed to an installment plan for the deposit, but the tenant missed the first payment.
The landlord issued a notice of default and terminated the lease shortly after.
The court found that while there was an oral agreement for installments, there was no agreement to waive the five-business-day notice period required by the lease for default of Additional Rent.
Therefore, the termination was premature and unlawful.
The court ordered the landlord to restore possession to the tenant, conditional on payment of the deposit and rent.