Business Lease Renewals

Every surveyor, property manager and lawyer who deals with commercial property needs to have a thorough knowledge of Part II of the Landlord and Tenant Act 1954, which governs the rights of business tenants to obtain renewals of their leases. A maze of complex and carefully interlocking provisions, the Act was radically amended by a Regulatory Reform Order as from 1 June 2004.These changes include:ΓÇówidening the scope of protectionΓÇóremoving traps for tenants such as the counter-noticeΓÇóchanging the rules about court applicationsΓÇóamending the basis of assessing interim rentΓÇóimposing tougher requirements for giving informationΓÇócreating new procedures for contracting out of the ActΓÇóa raft of new prescribed formsThis new book gives a clear explanation of the workings of the amended Act, keeping the framework in view while delving into the detail whenever needed. The old law is included for those situations where it may still be relevant. Written by a property lawyer assisted by a chartered surveyor and a property litigator, this publication, in addition to setting out the law, gives detailed guidance on practice for surveyors, managers, valuers, expert witnesses and property lawyers.