Security of Tenure
When it comes to Lease of Commercial premises, contracting inside or outside of the Landlord and Tenant Act 1954 ('the Act') can be a contentious issue.
If the Lease is granted within the Act this seriously restricts the Landlord's ability to regain possession of the property to a limited set of circumstances also set out within the Act. If you think you are dealing with a Lease that operates inside the Act and would like help in taking your property back at the end of the Lease term, we have solicitors in our Dispute Resolution department that can advise you.
If a Lease is to be outside of the Act, a Tenant will not be entitled to renew the Lease at the end of the contractual term and there are certain steps that have to be taken and timescales in which they have to take place for this to be effective. If this is not done properly, the Lease will not be contracted out of the Act and the Landlord will be severely prejudiced as above.
If you are considering leasing a Commercial property and are unsure of the implications of the Act, please do not hesitate to contact us for some specialist advice.