The Landlord and Tenant Act 1954 lays out the criteria for the statutory right to a commercial lease renewal, on which we can advise.
A tenancy protected by the Landlord and Tenant Act 1954 will not terminate automatically at the end of the contractual term. A tenant has a statutory right to a new lease at the end of the contractual term if:
- Part II of the Landlord and Tenant Act 1954 applies to the tenancy
- The lease isn’t contracted out of the security of tenure provisions of the Act
If the tenancy satisfies the qualifying criteria in the Act at the contractual expiry date, it will continue under section 24(1), on the same terms as the contractual tenancy, until it is terminated in one of the ways specified by the Landlord and Tenant Act 1954.