The Law Commission is currently consulting on the much-awaited reforms to the Landlord and Tenant Act (‘the 1954 Act’) and the security of tenure regime for commercial leases.
The new laws have the potential to affect a range of businesses. Whether it be a local retail shop in the town centre or a company who occupies a block of offices, it is very common for businesses to occupy their premises under tenancies, as opposed to outright freehold ownership.
Continue reading “Reforms to the Landlord and Tenant Act 1954 – the right to renew business tenancies”