What is a Business Tenancy
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8 August 2009
A tenancy is defined as possession or occupancy of land,
buildings, or other property by title, under a lease or on payment of rent.
The term of the tenancy can be for pretty much any period of
Business tenancies (excluding agricultural matters, as different
rules apply to them) usually provide a business tenant with a statutory right at
the end of a tenancy for the tenant to remain in their premises and to have
their tenancy renewed. If the Landlord does not allow this then the tenant can
in fact apply to the County Court for such right.
Landlors can however agree with the tenant at the start of the
business tenancy that the business tenancy will not be afforded the statutory
protection. Business tenancies that do not have the protection are often
referred to as 'excluded tenancies' or 'Outside the Act' (the Act being the
Landlord & Tenant Act 1954). It is also worth noting that Business Tenancies
that have a short term are also not protected.
Broadly speaking the law that applies to Business Tenancies is
the same as for any other type of tenancy.
Inam Ali is a Solicitor at Lawdit, specialising
in Commercial and Intellectual Property Law, and can be contacted via email:
About the Author
Lawdit Solicitors offer services and
advice for litigation, commercial contracts, Intellectual Property and IT legal
agreements. We are experts in commercial law with a heavy emphasis on
Intellectual Property, Internet and e-commerce law. Lawdit is a member of the
International Trademark Association, the Solicitors' Association of Higher Court
Advocates and we are the appointed Solicitors to the largest webdesign
association in the world, the United Kingdom Website Designers Association.
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Article Published/Sorted/Amended on Scopulus 2009-08-13 00:33:47 in Legal Articles