The tenant has the legal right to renew his lease at the end of the term, unless the lessor can successfully refuse to grant a new lease after one or more of the section 30 lands. For more information, please see the practical note: LTA 1954 Extension of business rental – termination. by handover or forfeiture or notice of termination of the owners, the landlord must issue a warning to the tenant. The form of the notice is defined in the regulations and disclosure must be done in this form or “essentially.” The termination must be served before the grant of the lease or, if there is a pre-lease agreement, before the agreement. (The point is that the tenant must receive the notification before it is contractually bound.) The notice of warning informs the tenant that the landlord offers a rental contract without a property guarantee and declares the rights that the tenant waives if he accepts a tenancy agreement under these conditions. He suggests that the tenant seek professional advice before making a decision and ask the landlord, unless urgent, to give him 14 days to take it into account. The notice is a formal legal document and there are strict rules, in accordance with the 1954 Act, on how they can be served. It is essential to ensure that the notice is validly notified with one of the authorized service methods or that the lease is not effectively concluded. Agreement on the contract that must be included or approved in the lease or leasewhat are the consequences of the 1954 law for a lessor? Subject to proof of legal ownership, the tenant is entitled to a new rent for commercial premises at the expiry of the term of the old tenancy agreement. (In practice, if there is a pre-lease agreement, the agreement will be included in the tenancy agreement and a reference to the concluding agreement will be included in the lease agreement.) The requirement of a statutory declaration, in which the lessor`s warning was served less than 14 days in advance, was that the imposition of the heavier requirement of a statutory declaration would, in these circumstances, contribute to the protection of the tenant. (A legal declaration must be made before an independent lawyer or agent to take an oath and involves the payment of a tax, when there is no formality for a simple declaration). For an owner, the advantage of extension is flexibility.
At the end of the rental period, she can easily reclaim ownership of the premises (for example. B to rediscover or rehabilitate them). Alternatively, it can negotiate a new lease with the tenant if that is the wish of both parties. The law merely extinguishes the surrender agreement and not the sales contract itself. Notwithstanding the expiry of the current lease term, a lessor cannot attempt to terminate a protected commercial tenant from 1954 by notification of legal notice providing a termination date of at least 6 months or more than 12 months after notification of termination. After notification of the statutory termination, a lessor may only object to the issuance of a new commercial tenant if he can prove a legal reason for possession.