Whilst desperately wanting to avoid sounding like a typical lawyer, the answer is ‘it depends’. The ability for a company (no matter its size) to be certain of its location is important for stability and growth, so the end of a lease can throw a company into turmoil. The starting point is the lease itself and whether the lease is ‘contracted out’ of the Landlord and Tenant Act 1954. If the 1954 act does not apply, the tenant does not have the right to remain at the end of the lease. This does not mean that a new lease cannot be agreed. The 1954 act provides tenants ‘security of tenure’, ie the company’s right to remain at the end of its lease and, crucially, the ability to compel its landlord to grant a new lease. If a new lease cannot be agreed, then the court can decide. End of story? Not quite. Even if the tenant has rights under the 1954 act, the landlord has the upper hand. If the landlord is able to establish certain grounds, then they … [Read more...] about Does a business have the right to remain at the end of its lease?