COMMERCIAL LANDLORD AND TENNANT
RENEWING A COMMERCIAL LEASE
Business leases come in all shapes and sizes. We represent both landlords and tenants with commercial lease renewals and our experience covers all types of commercial property including office, retail and industrial. We have dealt with matters big and small, from small independent shops to large retail units.
Commercial tenants are afforded certain statutory protections when it comes to the end of their lease and The Landlord and Tenant Act 1954 (‘the 1954 Act’) gives them ‘security of tenure’ in most cases. As long as they have not contracted out of the security of tenure provisions found in the 1954 Act the lease will not come to an end when the fixed term expires and the tenant will have a statutory right to apply for a new tenancy. The landlord’s right to oppose this request is limited and they must grant this request unless one of a few specific legal reasons allows them to oppose the renewal.
In most cases a landlord and tenant will negotiate the terms of the new lease between themselves but where they can’t agree it is necessary to seek legal advice on your rights and obligations.
If you would like to discuss any of our services with us, feel free to contact us using the form below or give us a call at 0161 669 4621 for a free no obligation chat. We look forward to assisting you with your legal concerns.