Contracted Out Leases

Under the general law, a business tenant can renew his lease if there are no rent arrears and he has complied with all his other obligations in the lease.

However, where a landlord is thinking of renting out his premises and decides that he may require the premises back when the lease term expires, he can advise the incoming tenant in writing that the lease is to be “contracted out”. This means that the incoming tenant will not then have the automatic right to renew – and will have to vacate at the end of the lease term.

It is essential that the correct form of wording is used in the lease to protect the landlord and also that the appropriate forms are sent to the tenant for signing before the lease begins.

Our experienced solicitors will ensure that the correct procedures are followed and that your interests will be protected.

Call Business Lawyers Direct today on 0845 371 0701 or contact us via our online enquiry form and one of our senior solicitors will be pleased to discuss your requirements.