Commercial Lease Renewal

Commercial Lease Renewal Process

This page will guide you through the process and answer many of your questions about each party’s rights and obligations under The Landlord and Tenant Act 1954. You will learn more about the commercial property solicitors at Osbornes, including how our approach to lease renewal negotiations can result in positive outcomes for your business.

Business leases come in all shapes and sizes. We represent both landlords and tenants with commercial lease renewals, and our experience covers all types of commercial property including office, retail, industrial and leisure premises. Our solicitors work with everything from high street takeaways to flagship stores with multi-million-pound rents.

The Landlord and Tenant Act 1954 (‘the 1954 Act’) provides stability for business tenants and gives them ‘security of tenure’ in most cases. If the lease enjoys the protection of Part II of the 1954 Act, it will not automatically come to an end when the fixed term expires. Rather, the tenant has the right to apply for a new tenancy and the landlord must grant this request unless there is a specific legal reason to oppose the renewal.

If you are a landlord or a tenant of commercial premises, you will need to make some decisions in plenty of time as the term of the lease comes to an end. Our aim is to help you take the right course of action that’s best for your business. This might include:

• Applying for a lease renewal under the 1954 Act
• Opposing a lease renewal, if a statutory reason applies
• Negotiating terms for renewing the lease
• Asking the Court to make a decision if the parties cannot come to an agreement
• Forming alternative plans

For expert advice, please call our specialist solicitors in London today.