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The legal bit

The Landlord and Tenant Act (1954)

The Act provides business tenants the right to security of tenure.

'Inside the Act'

At the end of the contractual term, the tenant has the right to a new lease on the same terms as the old one – subject to ‘reasonable’ updating and at a current market rate.

It is important to be aware of the following Notices in relation to the Act (which must be served in a prescribed format):

  • Section 25: the information a landlord has to provide the tenant in order to end the tenancy
  • Section 26: the information the tenant must provide the landlord, to terminate the lease

'Outside the Act'

The lease will end when it expires i.e. the tenant has no right to remain in the property and can only do so by signing a new lease.

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