The following Property guidance note provides comprehensive and up to date legal information covering:
Under section 24 of the Landlord and Tenant Act 1954 (LTA 1954), if a lease is not contracted out of LTA 1954, the lease can only be brought to an end:
using one of the methods provided for under the LTA 1954, ie section 25 notice, section 26 request or section 27 notice, or
by way of surrender or forfeiture, or tenant’s notice to quit
The tenant will have a statutory right to renew its lease at the end of the term, unless the landlord can successfully oppose the grant of a new lease under one or more of the section 30 grounds. For more information, see Practice Note: LTA 1954 business lease renewal—termination.
Accordingly, if the landlord and tenant want to enter into an agreement to surrender that protected lease, they must comply with the contracting out procedure because by surrendering the lease, the tenant is giving up its statutory right to renew.
If the contracting out procedure is not properly followed, the agreement for surrender is void.
If the parties proceed straight to a deed of surrender (with no prior agreement) or if there is a surrender by operation of law, then there is no
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