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Lease Extend Term FAQ

As already mentioned, business tenants will generally have the right to continue their tenancy agreement when it expires, but under certain extreme cases landlords do have the power to refuse to renew a lease.

Commercial tenants usually remain in a property when a lease has expired because they are still negotiating the terms of a new, renewed lease with the landlord or they have an informal agreement to stay on.

Can the contractual term of a commercial lease be extended? Yes. Subject to satisfying certain criteria, business tenants have a statutory right under the Landlord and Tenant Act 1954 to extend the contractual term of their lease. At the end of the lease, the tenant can ask the landlord for a new lease.

To initiate the renewal process, a tenant must serve a request for a new lease on its landlord. This request will set out the date for the commencement of the proposed new lease. This could be the day after the contractual expiry date of the existing lease, or it could be months or even years afterwards.

If the tenant seeks a new lease they should ensure it is also protected by the Act in order to retain legal protection should the landlord try to end the tenancy. If the landlord refuses to renew the lease, tenants can apply to the courts for a new lease to be granted.

Lease Commercial Term Interesting Questions

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The only way to get the best deal is to follow the same process as if you're leasing space for the first time. Dear {Tenant's Name},.Your current lease expires on {date}. Typically this is a written notice presented 30 to 60 days before the lease ends. Often such a requirement is part of an automatic renewal provision.

Commercial Lease Renewal Letter To Tenant

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Lease Extend Term FAQ

Do you have to renew a commercial lease?

What happens when a commercial lease ends?

Can a commercial lease be extended?

How do I renew my business lease?

What happens if my landlord does not renew my commercial lease?

Lease Commercial Term Interesting Questions

What is a commercial lease renewal letter?

Is a commercial lease renewal letter mandatory?

When should a commercial lease renewal letter be sent?

Can a commercial lease renewal letter include changes to the lease terms?

What happens if the tenant does not respond to the commercial lease renewal letter?

Can a tenant negotiate the terms mentioned in the commercial lease renewal letter?

Is there a standard format for a commercial lease renewal letter?

How should a tenant respond to a commercial lease renewal letter?

What should be done if both parties cannot agree on the lease terms during the renewal process?

Can a commercial lease renewal letter be sent electronically?

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