NAVIGATING LEASE RENEWALS

Whether you’re a landlord or a tenant, ensuring you fully understand your rights under the Landlord and Tenant Act 1954 is crucial when a commercial lease is coming to an end. Proper knowledge of the renewal process can help you avoid pitfalls and protect your business interests, whether you’re looking to extend your lease or negotiating terms with your tenant.

Our team of experienced legal professionals is here to guide you through the entire lease renewal process, ensuring you’re fully informed, compliant, and prepared every step of the way.

WHAT IS THE 1954 ACT?

The Landlord and Tenant Act 1954 gives most business tenants the legal right to renew their lease when it expires, unless the landlord can prove specific grounds to oppose it.

This protection helps ensure business continuity for tenants and legal certainty for landlords.

KEY STEPS IN THE LEASE RENEWAL PROCESS

Before initiating any action, it’s vital to thoroughly review the terms of your existing lease. This will help you understand the renewal process outlined in the agreement, as well as any deadlines or requirements for notice periods. We can assist in reviewing your lease and advising you on whether you qualify for a statutory renewal under the 1954 Act.

Once you’ve reviewed the lease, it’s time to take action. Either the tenant or the landlord must serve a formal notice to initiate the renewal process. There are different types of notices that must be served within specific timeframes, and failing to adhere to these deadlines can cause complications. We ensure that all notices are properly prepared and served in line with legal requirements, avoiding delays or disputes.

Renewing a lease isn’t just a formality, it’s an opportunity to renegotiate terms that reflect the current market conditions. Whether you’re a landlord or a tenant, there may be aspects of the lease that need updating. From rent increases to revised maintenance responsibilities, our team can help you negotiate terms that serve your best interests and protect your long-term goals.

Timing is essential. Whether you’re renewing a lease or challenging a renewal request, there are strict deadlines to follow. Not adhering to these can jeopardize your rights and complicate the entire process. We’ll guide you through the timelines and ensure that you act promptly to avoid any issues.