Commercial Lease Renewal (1954 Act)
If you are a landlord of commercial premises, you will need to make some decisions when the term of the lease ends and you require a commercial lease renewal.
If the lease enjoys the protection of Part II of the Landlord and Tenant Act 1954, it will not automatically come to an end at the expiration of the fixed term. Following service of legal notices, a commercial tenant may have the right to apply to the Court for a new tenancy. This raises numerous questions:
As the landlord:
- What if I do not want the tenant to have a new tenancy?
- Can I oppose the tenant’s application as I want to start my own business from the premises?
- Will the tenant always have statutory protection or can these provisions be contracted out?
- What rent will be paid whilst Court proceedings continue?
For more information please contact us today.
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