Commercial Tenancies

Landlords and Tenants can decide whether to create a Commercial Lease (Business Lease), which is governed by the Landlord and Tenant Act 1954 (LTA 1954), or excluded from it.

Under the LTA 1954, Sections 24 to 28 have prescribed terms and strict rules governing the termination and renewal of Business Tenancy Agreements as well as alterations to the rent for both the Landlord and the Tenant.

Since 2003, it has been possible to contract out of these strict requirements by using Notices, ‘The Landlord’s Warning Notice’ along with the relevant ‘Tenant’s Notice’.

Therefore, the Landlord and Tenant must decide if they wish to contract out of the Landlord and Tenant Act 1954 or not. Type 1 below deals with Commercial Leases and related documents under the LTA 1954. Type 2 deals with Commercial Leases where the Landlord and Tenant wish to contract out of the LTA 1954.

We also offer a service for registration of leases in excess of 7 years with the Land Registry.

Type 1 - Leases under the Landlord & Tenant Act 1954

• Commercial Lease: £45.00
  Our Commercial Lease provides many options for the Landlord and Tenant, allowing them to create highly individual documents to suit their needs.
• Section 25 Notice - Landlord's Proposals for New Lease: £30.00
  The Landlord can use this Notice when they are willing to grant the Tenant a new Tenancy but wishes to alter some of the terms and conditions.
• Section 25 Notice - Landlord's Refusal to Grant New Lease: £30.00
  The Landlord can use this Notice when they do not wish the Tenant to have a new Tenancy after the original Tenancy has come to an end.
• Section 26 Notice - Tenant's Request for New Lease: £30.00
  The Tenant can take the initiative and request a new Tenancy by serving this Notice on the Landlord.
• Section 26 Notice - Landlord's Opposition to Tenant's Request for New Lease: £30.00
  When a Landlord has been presented with a request by the Tenant for a new Tenancy, the Landlord can seek to oppose this request by serving this Notice.

Type 2 - Leases outside the Landlord & Tenant Act 1954

• Commercial Lease (non LTA 1954): £45.00
  Our Commercial Lease provides many options for the Landlord and Tenant, allowing them to create highly individual documents to suit their needs.
• Non LTA 1954 Notice Package: £30.00
  Since 2003 it has been possible for the Landlord and Tenant to contract out of the LTA 1954, by the service of a Warning Notice by the Landlord and the Tenant then serving a Notice in response to the Landlord's Notice. This can be either a Simple Declaration (if it is served at least 14 days before the Commercial Lease is signed) or a Statutory Declaration (if the parties wish to sign the Commercial Lease stright away). We provide all three Notices and more information about the procedure for sending and signing them with this package.

Registration of Leases in excess of 7 years

• Lease Registration: £60.00
  Leases in excess of 7 years need to be registered with the Land Registry. We will complete all necessary forms for you and liaise with the Land Registry.