Commercial Leases · glossary
A tenancy of premises the tenant occupies for its business. Under Part II of the 1954 Act it does not end when its term ends, and the tenant may stay and ask for a new lease. That is why Fellgate contracted Linnet's lease out before Linnet was bound. Chapter 2 · see Security of tenure, Contracting out
Explained in Chapter 2, Heads of Terms and Security of Tenure, of Commercial Leases.
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