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Commercial Lease Renewals
Under the Landlord and Tenant Act 1954 a commercial lease may have security of tenure entitling the tenant to a renewal of a lease, either by negotiation or through application to the courts if an agreement cannot be reached.
There is a notice procedure which must be followed before any court application and this must be valid and served within the correct time limits. Any mistakes can lead to serious consequences.
A landlord does have the right to oppose the renewal but only on very specific grounds, which must be proved unequivocally. In many cases, if this cannot be proved, the matter will move forward to court proceedings.
Our team has substantial experience in assisting both landlords and tenants with this procedure and advising them as to their rights and obligations. If you have any questions or require advice please do not hesitate to contact a member of our team.