Understanding Security of Tenure: What It Means for Commercial Tenants and Landlords
Whether you’re a commercial landlord or a tenant, understanding security of tenure is essential for managing lease agreements effectively. It plays a pivotal role in shaping business continuity, property rights, and long-term leasing strategies. In this article, we’ll explain what security of tenure means under the Landlord and Tenant Act 1954, how it works in practice, and what legal steps both parties need to take when negotiating lease terms or renewals. What is Security of Tenure? Security of tenure is a legal right granted to tenants under the Landlord and Tenant Act 1954, giving them the option to remain in the property after...
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