Commercial property tenant's rights

ATC110

Frequent Poster
Messages
79
What protection/rights does a longterm tenant (12 years plus) of a commercial property have when the property is being sold by the landlord?

There is no lease in place and the rent is paid up to date.

Thanks in advance
 

mf1

Frequent Poster
Messages
4,219

Tenant needs to get proper legal advice but see below

Section 16 of
Landlord and Tenant Act 1980 provides that a tenant will be entitled to a new tenancy at the expiry of his existing lease if he can prove one of the following equities

  • Business equity-if the tenant was in occupation for 5 years continuously and was using the premises/tenement for business purposes (this period used to be 3 years); temporary breaks can be disregarded by the courts. The five year period only applies to tenancies/leases which commence after 10 August 1994 and the tenant must occupy the tenement for the entire period
mf
 
Top