How We Can Help
Our expert solicitors can help with a range of business tenancy renewals and will carefully look at the proposed terms of your existing commercial lease and negotiate any changes you want to make.
We will make sure securing a renewal of your commercial tenancy is favourable for your business and the process is as stress-free as possible.
The renewal process is started by either the landlord or tenant firstly serving a formal notice. Upon the notice period expiring, either party can apply to the Court, although usually the parties agree to extend the deadline. The parties have a free hand in negotiating the terms of the new lease, but if they are unable to reach agreement the terms will have to be decided by a Court which has less freedom of manoeuvre. Both landlord and tenant should engage a surveyor/valuer to advise on the level of the new rent.
Landlords have a limited right to oppose renewal in certain circumstances. In some cases this will require the landlord to pay compensation to the tenant which is assessed by a statutory formula.
Why use our Commercial Property Solicitors?
We have extensive experience and expertise in dealing with business tenancy renewals and have the ability and expertise to move quickly, draft the necessary documentation and achieve a swift, decisive and positive result.