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Ending a Commercial Lease: A Guide for Landlords

What to Do When a Commercial Lease Ends

As a landlord of a commercial premises, one of the most important decisions you will face is what to do when a lease term expires. At this point, you have several options to consider—each with its own advantages and legal implications. Understanding these options is vital to ensuring that your property continues to deliver value and that your legal interests are protected.

At Hopkins Solicitors, we regularly advise landlords on their rights and obligations under lease agreements.

Understanding Tenant Renewal Rights

It is important to understand whether your tenant has a legal right to renew their lease under the Landlord and Tenant Act 1954, as this can limit your options in terms of taking the premises back or offering the property to another tenant. Landlords must ensure that, where necessary, the appropriate statutory procedures are followed to avoid potential disputes or undesired outcomes.

Allowing a Tenant to Remain

Many landlords simply decide to allow a tenant to remain in occupation of the premises after the lease has ended. However, there are risks to allowing a tenant to remain in occupation after the end of the lease.

Considering Rent Levels

The decision as to whether to act may depend on the current rent payable under the lease. If the rent is likely to go up from its current level, it may be beneficial to serve a statutory renewal notice, known as a “Section 25 notice,” as this may allow the new rent to be payable from an earlier date.

Making the Right Decision

The end of a lease presents landlords with a variety of options, each requiring careful consideration. Whatever you choose to do, it’s essential to fully understand your rights and obligations. At Hopkins Solicitors, we offer expert legal advice to help landlords navigate these decisions with confidence.

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If you have questions about your lease or need assistance in exploring your options, get in touch with us today. Our experienced team is here to provide tailored advice to suit your needs.

 

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