Want to surrender the lease due to heavy business losses

[sankla]

Hello,

I signed up for a 16 years commercial least on August 2011 with rent reviews every 5 years and paid 20000 to landlord as premium and now due to the downturn and competiton in off license I am not doing well as expected and I have asked my landlord the option to surrender the lease he asked me to find a new teanant so that I can be realeased. I am trying to find people but no one wants to come in even i said there is no premium. I explained the circumstances to my landlord and he says its not his concern as I am in lease.

I always pay his rent and now a days sometime its getting delayed he calls me every day and says he will send balif and lock up the premises and take me to court. He already hold my 3 months deposit and he is not helping me. rent is due every month 1st and I dont have any monies to pay for it as business is already suffering huge losses from last 12 months I lost about 25,000 as per my accountant. I want to sell it and come out legally but I dont know what to do now, can I take him to court and explain I tried so many meeting and he said its not his problem as I am not doing well and I explained him if I make any money I will pay the rent first to him.

I am a sole trader and dont have any assests in my hand also my personal circumstances has gone so bad, I am unable to pay any payments on time I am getting heavy penality charges for missing payments and not paying on time.

 

so please help me what should I do its very urgent isse.