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Lease Expiry and Renewal
The Landlord & Tenant Act 1954 limits the way in which a
business tenancy may come to an end.
Thus a tenancy that falls within the provisions of the Act,
will not come to an end unless it is terminated in accordance
with the provisions set out in the Act.The statutory methods
of terminating a lease are set out in Part II of the 1954
Act.
Namely:-
(i) by a Landlord's notice under Section 25(ii) by a tenant's
request for a new tenancy under Section 26, or
(iii) a tenant's notice to quit under Section 27.
The landlord and the tenant must comply with the provisions
set out within these various notices, since failure to do
so could result in the loss of the automatic right for a new
tenancy.
There are also strict procedures to be followed during the
interim period between the expiry and grant of a new lease,
either by negotiation or through a court.
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Before you go office
hunting, make sure you have defined your space needs and service
priorities. Global Office Search can help you determine your
exact space requirements, locate the commercial properties that
best fit and help you negotiate favourable terms. |
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Global Office Search
Global Office Search
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in-depth knowledge. |
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| Insight on the potential
for buying, selling or leasing offices and commercial
property and land in London and throughout the UK. |
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| We specialise in offices, with or without
warehouse, distribution or industrial space, and we represent
many owners, occupiers, developers and investors across the
country. |
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| As part of your office relocation
process, we offer an informal meeting to assess the realistic
options of selling or letting existing commercial property
or finding more suitable alternatives. |
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| We make our recommendations
but you decide what happens next. |
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