Navigating Lease Expiry: Your Guide to the Landlord and Tenant Act 1954

In this episode of 'That Retail Property Guy,' host Gary Marshall explores the complexities of lease expiry for UK business tenants and the protections provided by the Landlord and Tenant Act 1954. Gary discusses the concept of 'security of tenure,' which allows tenants to continue occupying their premises after lease expiry and to negotiate new lease terms under the same conditions. He emphasises the importance of understanding this legislation, proper notice service, and seeking professional advice to avoid costly mistakes. This episode aims to educate and empower small and medium-sized retail tenants and their larger counterparts, helping them to leverage legal safeguards and secure favourable lease terms. Tune in to be entertained, informed, and inspired by Gary's insights and stories.

00:00 Introduction to That Retail Property Guy

00:24 Facing Lease Expiry: Challenges for Business Tenants

00:51 Understanding the Landlord and Tenant Act 1954

01:09 Security of Tenure Explained

01:41 Navigating Lease Expiry and Renewal

02:56 Legal Nuances and Seeking Professional Advice

07:35 Types of Notices Under the 54 Act

11:04 Negotiating the New Lease

12:56 Conclusion and Final Thoughts

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