This cheatsheet includes practical tips to understand key clauses and avoid disputes in leasing agreements.<\/p>\n <\/div>\n \n\nDownload Now<\/a> <\/section>\n <\/div>\n\n\n\n\n A commercial lease is where a business owner occupies and runs their business from a property for a fixed term in exchange for rent. A lease agreement<\/a> is a legally binding contract between a commercial landlord and a tenant. Both parties will sign this at the start of the lease, and it binds them throughout the lease term. The lease agreement contains all the rules of the commercial lease. Typical lease terms include:<\/p>\n\n\n\n A protected commercial lease enjoys security of tenure<\/a>. Security of tenure is a statutory protection from the Landlord and Tenant Act 1954. It allows a lease to automatically renew with the same lease terms at the end of its term. A tenant does not need to request the renewal; the lease will automatically continue.<\/p>\n\n\n\n However, a tenant can request the lease renew on better terms than the current one.\u00a0 A landlord does not have to accept these terms, and where they are in dispute, a court may decide on them.<\/p>\n<\/div>\n\n\n\n Although the security of tenure is a statutory right, there are limited legal grounds in which a commercial landlord can refuse to honour the lease renewal. These include, for example:<\/p>\n\n\n\n When a commercial landlord and tenant have a protected lease, there are specific legal procedures to follow towards the end of the lease term. <\/p>\n\n\n\n\n\n Continue reading this article below the form\n <\/i>\n<\/a>\nWhat is a Commercial Lease?<\/h2>\n\n\n\n
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What is a Protected Lease?<\/h2>\n\n\n\n
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\n Cheatsheet for UK Leasing Terms<\/div>\n
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