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Q&As
The term of a long lease of commercial premises is 99 years (headlease). A proposed sublease will expire eight days before the headlease. If the sublease is a secure tenancy within the Landlord and Tenant Act 1954, will this mean that the headlease is a also a secure tenancy? If not, what effect will this have on the sublease on the expiry of the headlease?
Commercial leases
Part II of the Landlord and Tenant Act 1954 (LTA 1954) applies to business tenancies, defined in LTA 1954, s 23 as ‘any tenancy where the property comprised in the tenancy is or includes premises which are occupied by the tenant and are so occupied for the purposes of a business carried on by him or for those and other purposes’.
LTA 1954, Pt II contains provisions which give considerable security of Tenure to business tenants. In essence, LTA 1954, s 24 provides that a tenancy which falls within LTA 1954, Pt II cannot come to an end unless it is terminated in accordance with the provisions of LTA 1954, Pt II. Moreover LTA 1954, s 24 provides
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