You are acting for the Landlord of a retail unit. The lease was granted for a term of 10 years commencing on 5th March 2015. It is now 1st July 2024. The lease was not contracted out of the Landlord and Tenant Act 1954 and the client has instructed you to serve a s25 Notice on the Tenant to terminate the lease on the first available date. Which ONE of the following statements is CORRECT?
a) It is too early to serve the s25 Notice.
b) As the Tenant enjoys security of tenure the Landlord cannot terminate the lease unless the Tenant is in breach of at least one of the Tenant covenants.
c) It is too late to serve the s25 Notice.
d) You may achieve the Landlord's objective by serving the s25 notice today.