Our commercial property dispute resolution team has a wealth of experience in dealing with commercial business lease renewals, both in opposed and unopposed cases. We act for both commercial landlords and tenants across Essex, London and further afield. Our commercial landlord clients range from those who own just one commercial property to those with a portfolio of investments covering a range of different industries.
When a business commercial lease expires, under the Landlord and Tenant Act 1954 Part 2, the business tenant has the security of tenure – essentially, most tenants have an automatic right to a new lease of the premises.
There are a few exceptions to this; the main one being where the tenancy is ‘contracted out’ of the Act. This occurs when a tenant agreed before the lease was signed that they would not be bound by the statutory rules of said Act.
Landlords do have the right to oppose a renewal – for example, when the tenant is in serious breach of its business lease obligations (such as rent arrears), if the landlord wishes to redevelop, or if the landlord wishes to use the premises for their own business.
If the landlord opposes the grant of a new lease on a ‘no-fault ground’, then the tenant is entitled to compensation if they vacate the premises. This is a complex area of commercial property law, and if in doubt, seeking expert advice is recommended, especially when dealing with opposed commercial business lease renewals.
Opposed & Unopposed Business Lease Renewals Lawyers
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