0 Post a comment Friday, 4 January 2019 - Business by Antony Gedge - Aberystwyth, Machynlleth & Llanidloes reporter [email protected] The owner of PD’s Diner has insisted he never tried to block other businesses from operating on Aberystwyth promenade. Wanting to set the record straight, David Day posted a comment on the Cambrian News Facebook page saying that the controversial clause was put in place by Ceredigion County Council.Mr Day said: “I did not write the previous lease, the landlord did.“It was based on decades old licences.“This lease was available to any person, from anywhere to tender for.“There have been many times, over many years, maybe 10 years, when I have offered to reduce the so-called sole rights clause.”Mr Day said that the lease that was finally agreed was actually on the same terms that he had offered the council two years previously.He said: “I took the landlord to court to protect the business, … [Read more...] about Diner owner ‘never blocked’ other businesses
Landlord and tenant act 1954
Samuel Stebbins and Evan Comen 24/7 Wall Street Published 6:00 AM EST Nov 16, 2018 The unemployment rate for black Americans fell below 6 percent for the first time in history earlier this year. The historic dip in joblessness was a benchmark of progress in the continued pursuit of racial equality in the United States – and a reminder of the unique challenges black Americans face every day. The black unemployment rate has hovered above the overall unemployment rate by several percentage points since the Bureau of Labor Statistics began tracking it over 40 years ago. Racial disparities in America do not stop with the labor market. The median annual income among black households in the United States is just $36,651, about $24,000 shy of the median income among white households. Black Americans are also less likely to own a home, less likely to have a college education, and five times more likely to be incarcerated than white Americans. More: 31 cities adding the most … [Read more...] about Racial disparity in cities: The worst metro areas for black Americans
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?