We regularly support clients who are wishing to renew their commercial lease and potentially looking to negotiate new terms as part of this renewal.
Firstly consideration needs to be given to whether you have a lease with or without ‘security of tenure’ – this provides the tenant with an automatic right to renewal at the end of the lease term under the Landlord and Tenant Act 1954. If not part of the original agreement, the landlord is under no obligation to offer a new lease when the end date is reached. Alternatively, if there is a security of tenure, or both parties are open to negotiation then new terms can be negotiated and put in place.
Whether you are a tenant or a landlord, we can help you with this negotiation and initiating the relevant section notice to the other party.
How we can help
Our Commercial Property specialists are experienced in all types of lease renewal.
Please contact them for a no obligation conversation about your situation, whether you are coming to the end of your lease, or wish to negotiate, we can discuss how we can support you.
Recognised and recommended
The Legal 500 UK 2024 rankings note the Fosters’ Commercial Property team as ‘proactive and always one step ahead for the client’s protection and benefit’.
Members of ALEP
Our leasehold property specialists are members of the Association of Leasehold Enfranchisement Practitioners.
Membership of ALEP acts as a badge of assurance so that leaseholders and freeholders can be confident that they are employing professionals with the right level of expertise in handling potentially complex transactions.
Law Society accredited
The Law Society awards accreditations to legal practices and solicitors who meet the highest standards of technical expertise and client service in specific areas of law. We are members of their Conveyancing Quality Scheme (CQS), which is the recognised quality mark for legal experts in buying or selling property, and is trusted by some of the UK’s biggest lenders.