Glossary of Terms Lease Expiry Renewal

The Landlord & Tenant Act 1954 limits the way in which a business tenancy may come to an end. Thus a tenancy or lease that falls within the provisions of the Act, will not come to an end unless it is terminated in accordance with the provisions set out in the Act. The statutory methods of terminating a lease are set out in Part II of the 1954 Act. Namely:

 

(i) by a Landlord’s notice under Section 25

(ii) by a tenant’s request for a new tenancy under Section 26, or

(iii) a tenant’s notice to quit under Section 27.The landlord and the tenant must comply with the provisions set out within these various notices, since failure to do so could result in the loss of the automatic right for a new tenancy. There are also strict procedures to be followed during the interim period between the expiry and grant of a new lease, either by negotiation or through a court.