- Commercial lease (1954 Act) renewal
If you are a landlord of commercial premises, you will need to make some decisions when the term of the lease ends.
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 advice on the act please contact Guy Osborn or Shilpa Mathuradas by:
- Calling us on 020 7485 8811
- Filling in our online form
- E-mailing Shilpa or Guy
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