Business Tenancy - Statutory Protection
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27 February 2013
What is a Business Tenancy?
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 time.
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.
Landlords 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: firstname.lastname@example.org
About the Author
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
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Article Published/Sorted/Amended on Scopulus 2013-04-12 13:27:56 in Legal Articles