Michael Lever details five approaches to renewing a commercial lease under the Landlord and Tenant Act 1954: formal notice, informal agreement, a combination of both, restructuring before expiry, or granting a reversionary lease. He highlights the advantages, disadvantages, and key factors of each method. Introduction Assuming the existing lease is inside the Landlord and Tenant Act 1954, there are five ways to do a renewal: (1) formally by serving a s25 notice or a tenant giving a s26 notice,…
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English 