Dealing with a lease renewal

If you rent premises for your business, you should have a lease agreement with your landlord. Most lease agreements include a clause that gives you the right to renew your lease when your current lease expires. Lease renewal can, however, be a complex process, as your landlord, valuers, surveyors and yourself will all have to be taken into consideration.

As a tenant you have some protection under the Landlord and Tenant Act 1954. One of its most important components is that you and your business can’t be automatically thrown out of your property when you current lease comes to an end. The Act also gives you the right to lease renewal in certain circumstances if you meet these criteria. A property solicitor can tell you if you meet these terms.

With changes to how a lease renewal might take place, your business may not have the protection of the 1954 Act. If your business has not occupied the leased premises for sometime, this could affect the protection your lease renewal might have under the Act.

A property solicitor is also essential if your landlord contracts out your lease renewal. That is now possible since the need for a court order is no longer required to renew a lease. If you are in any doubt about the legality of your lease and whether you have any protection under the 1954 Act, let us put you in contact with a property solicitor as soon as you can.

In most cases your lease renewal can be negotiated with the valuers and surveyors that will work for your landlord. However, if your lease renewal is disputed, you may have to go to the courts for a decision to be made. If this happens to your business, the support of a property solicitor is vitally important to ensure you get best possible lease renewal terms for your business.

If you would like to obtain legal advice about renewing your lease, Contact Law can put you in touch with a local specialist property law / lease solicitor free of charge. So, if you have any questions or would like our help in finding local property law / lease solicitors please call us on 0800 1777 162 or complete the web-form above.