Commercial Lease Renewals
Under the Landlord and Tenant Act 1954 (LTA 1954), subject to certain exceptions, a business tenant has security of tenure which offers two key protections:
- The tenancy will not terminate automatically after the lease comes to an end. It will continue on the same terms as the contractual tenancy until it is terminated in one of the ways specified in the LTA 1954;
- The tenant has a statutory right to an entirely new lease that replaces the existing lease (commonly referred to as a lease renewal).
Some leases are not protected by the LTA 1954, for example, if the lease includes a clause to contract out of the security of tenure provisions of the LTA 1954.
I am a Partner at Naylor Solicitors, a law firm specialising in property disputes and resolution. I would be delighted to assist with any queries you may have. Please get in touch to arrange a no obligation consultation.
James Naylor
Partner