Tenants of a commercial property are able to continue to occupy the premises when the term of their existing tenancy comes to an end if certain conditions apply and they have security of tenure. The tenancy can continue on the same terms as the existing tenancy.
There may be circumstances where the landlord or the tenant does not want the tenancy to continue on the same terms as the existing tenancy or even at all. In these circumstances, there are various notices that either the landlord or the tenant can serve.
It may be the case that the landlord wishes to grant the tenant a new tenancy but on different terms to the existing tenancy. For example, with an increased rent or new lease term.
Myerson’s Property Litigation team has a wealth of knowledge and experience in dealing with renewal business tenancies. This is a technical and very tactical area of the law so landlords and tenants should always seek specialist advice.
Myerson has acted for numerous clients advising on all landlord and tenant issues. Myerson’s work with Dulux involved dealing with their portfolio of 200 properties including lease renewal notices and all contentious aspect of their landlord and tenant issues.