Landlords and tenants must take great care when entering into leases of business premises, write Maria Wakelyn and Karron Whitter from Gardner Leader. It is fundamental that the parties understand their rights at the end of the contractual term of the lease – do they want the lease to be protected or do they need contract out? What is the Landlord and Tenant Act 1954? The Landlord and Tenant Act 1954 (‘1954 Act’) provides tenants of business premises with ‘security of tenure’ – the automatic right to renew the lease at the end of the agreed contractual term. The landlord can only oppose the re…
