Commercial Leases · glossary
A business tenant's right under the 1954 Act to stay on when its lease ends and ask for a new one. The landlord can refuse only on grounds the Act lists. Fellgate needs the floor back after ten years, so the lease was contracted out. Chapter 2 · see Business tenancy, Contracting out
Explained in Chapter 2, Heads of Terms and Security of Tenure, of Commercial Leases.
The Landlord and Tenant Act 1954 protects a business tenant that occupies its premises for its business. When the lease ends, the tenant does not have to leave: the tenancy carries on, and the tenant can ask for a new lease. The landlord can refuse only on grounds the Act lists. This protection is called security of tenure.Read Chapter 2, Heads of Terms and Security of Tenure →
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