Were you aware that a business lease will be held either within the protection of the Landlord & Tenant Act 1954 or contracted outside Sections 24–28 inclusive of this Act? After 50 years in operation various reforms to amend the Act took effect from the 1st June 2004. Upon expiration of a lease held within the Act a tenant is entitled to a new lease and the landlord is only able to refuse to renew the lease on a very limited number of grounds. However, it is necessary to serve Notice to bring an existing lease to an end and for either party to make Court application within strict time limits to preserve a legal right to renew, without which the strength to negotiate is diminished.

The rent can go up or down upon renewal of a lease, unlike a rent review where the rent in most leases is upward only – if an increase is justified at all.

If you are having problems with a lease renewal or rent review, with the benefit of our negotiating experience and knowledge of relevant legal legislation and case history, as well as our intimate market awareness and sophisticated database, we can undertake these tricky negotiations on your behalf. Upon lease renewal, if terms cannot be agreed by negotiation, we can act as your Expert and present the case to Court. If a rent review cannot be agreed, we can present an Expert Submission to an Arbitrator or Independent Expert.

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