Part II of the Landlord and Tenant Act 1954 (LTA 1954) provides for statutory security of tenure for most business tenancies. As a result, a tenancy does not expire by effluxion of time but continues and either the landlord or the tenant can apply to the court for the grant of a new tenancy. The landlord can terminate the tenancy only through following the procedure as set out in the Act.By LTA 1954, s 38, parties cannot contract out of its provisions, save as permitted by LTA 1954, s 38A or the remainder of LTA 1954, s 38. LTA 1954, s