Should you have protection under the security of tenure provisions of The Landlord & Tenant Act 1954 part II, then it is important that your lease renewal is handled properly. You need to be aware of the notice provisions, and how your new lease reflects your existing one. Again the market rental valuation is also a significant factor in such negotiations.
Landlords alike need to understand the tenant's requirements in a way that both parties can benefit from a continuation of the tenancy.
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A recent case:
Commercial Road, Paddock Wood.
Durlings represented the landlord in lease renewal negotiations, effective September 2009, with the tenants being HSBC Bank and The Kent County Council.
Although the lease terms negotiated where for a shorter term, and in the case of the HSBC lease, over a lesser area, Durlings were able to increase the rents by over 30%.