
Renewal of Business Tenancies – Under Review
The Law Commission of England and Wales has recently announced its plans to review the workings of the right to renew business tenancies, as outlined in Part 2 of the Landlord and Tenant Act 1954. This legislation provides a framework that entitles qualifying tenants protection when it comes to renewing their business tenancies known as “security of tenure”, however, it was created following the Second World War, since which time the property landscape and the commercial needs of landlords and tenants have notably evolved.