Renewing An Existing Lease

Renewing An Existing Lease

Most tenants have the right to renew their business lease when it ends. However, there are certain tenants who do not have this right.

Business tenancies without renewal rights

You do not have automatic renewal rights if:

  • you’re a farm business tenant
  • you’re a mining tenant
  • you’re a service tenant employed by the landlord
  • you’re on fixed-term tenancy of 6 months or less
  • you waived your right to renew at the start of your lease

Is it possible for a landlord to refuse to renew a lease?

A landlord may oppose to a tenant-initiated lease renewal, but they must explain why and on what grounds, in accordance with the landlord and tenant act 1954.

A landlord cannot object to a lease renewal just because the tenant is unsatisfactory. However, if they do not wish to provide a new lease, they must issue a counter notice within two months stating the reason for their refusal.

There are various grounds for this, but the two most common are as follows:

  • Landlord requires space for its own business.
  • Property redevelopment

Additionally, there are the following reasons:

  • Rent arrears
  • Breach of repair covenant

Dealing with renewing a commercial lease can not only be stressful, but highly disruptive. Whether you are an individual, entrepreneur, company or partnership, the process of lease renewal can be complex and time consuming. This is why it is important you are able to speak to legal experts who can provide all the guidance you need to emerge from a lease negotiation with the result you are after.

The team at Blackstone is highly experienced in dealing with all forms of contract law and we always work very closely with our clients to ensure we fully understand the issues faced by them or their business. By working together, we can ensure we devise a pragmatic solution that meets your commercial objectives.

Discuss your situation with the team today by calling us on 0345 901 0445. Alternatively, allow us to get in contact with you by filling in the online enquiry form on this page.

“Professional, determined, competent.”

– Gareth   

Our Services

We have helped both Landlords and Tenants in all aspects of their commercial lease. Our services include:

Services for Landlords

Services for Tenants

For efficient commercial lease renewal, contact Blackstone solicitors on 0345 901 0445.

Is it possible for a landlord to initiate a lease renewal?

If you are a landlord seeking to extend a lease, you must serve a ‘Section 25’ notice on your tenant between six and twelve months before to the lease’s termination date. If the lease is being extended, you must provide a future date that is at least six months after the notice is issued.

This notice must specify unequivocally your proposed new terms or the reason you are NOT issuing a new lease. In theory, if a tenant objects to the new conditions and the parties are unable to reach an agreement, either party may petition the court to render a ruling and establish ‘fair’ terms.

Is it possible for a tenant to initiate a lease renewal?

If you are a tenant interested in initiating the lease renewal procedure, you must serve a ‘Section 26’ notice on your landlord between six and twelve months prior to the planned start date of the new lease. While a tenant is legally permitted to suggest terms, if both parties cannot agree on what is ‘fair,’ either party may petition the court to impose them.

In actuality, even if renewal conditions cannot be agreed upon, it is extremely rare for proceedings to end up being resolved in court.

We can help you today

At Blackstone, we pride ourselves on our tenacious approach to getting the results our clients are after. If you are involved in a contract dispute of any kind, get in touch and find out more about how our expert team can guide you through the process and achieve the best result possible.

We appreciate that lease renewal can be a cause of real stress and strain. However, we can help make the process as hassle free as possible thanks to our professionalism and determination to sort out your issue as quickly as we can.

Get in contact

For more information and to discover more about how we can assist you with your lease renewal, do not hesitate to get in touch. Simply give us a call on 0345 901 0445 and we can run through your situation, or if it is easier for you, fill in our online enquiry form and a member of our team will give you a call back as soon as they can.

We take on clients from throughout the UK, and regularly help those based in Manchester, London, Chester and Cheshire.

Get in Touch Today

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The award winning team is well known for their tenacious approach to their client's cases. Our highly regarded team is passionate about your success. All team members are incredibly academic and continuously strive for more.