lease renewal Articles
Option to Renew Lease (Commercial)
June 28th, 2018 by | Property & Leases
The Retail and Commercial Leases Act 1995 (“Act“) provides that a lease governed by the Act must have a minimum term of 5 years including options. The parties to the lease, and particularly the tenant, may not want to commit to a 5 year term – so an option to renew lease will provide the… Read more »
Old Lease, Extended Lease, New Lease
May 9th, 2017 by | Property & Leases
Can you keep extending a commercial lease? Of course a landlord and tenant can, either by the tenant duly exercising a right of renewal in the tenancy agreement itself, or, when that runs out, by agreement between landlord and tenant for a formal extension. The same terms can be retained, subject to agreed variations on matters… Read more »
