Renewing a business lease can be a complex process full of pitfalls. Tenants with leases contracted outside of the renewal provisions of the Landlord & Tenant Act 1954 will not benefit from an automatic right to renew their lease and continue occupation. If this is the case it is important to seek early advice to ensure new terms are agreed well before the lease end date.
Landlords will still have certain rights to refuse the renewal of business leases which benefit from renewal provisions under the Landlord & Tenant Act 1954, including cases where the tenant is in breach of obligations or the Landlord wishes to use the premises for their own occupation. These scenarios need to be dealt with carefully and our experienced team of lease consultants will be able to provide appropriate advice.
The lease renewal process for protected tenancies (leases held within the security of tenure provisions of the Landlord & Tenant Act 1954) is initially centred on the serving of formal notices and often counter notices to bring the lease to an end. Our lease consultants have a detailed understanding of the Landlord and Tenant Act 1954 and combine this knowledge with robust negotiating expertise to secure the best possible outcome for our clients. Where a negotiated settlement is not possible our surveyors will take on the role of Expert Witness for Arbitrations, Independent Expert Determination and court proceedings.