The Law Commission has announced (https://www.lawcom.gov.uk/project/business-tenancies-the-right-to-renew/ that it is to carry out a review of Landlord and Tenant Act 1954, Pt 2, following a request by the Department for Levelling Up, Housing and Communities. The following terms of reference for the review have been agreed between the two bodies (https://www.lawcom.gov.uk/project/business-tenancies-the-right-to-renew/
“[T]o conduct a wide review of Part 2 of the Landlord and Tenant Act 1954 with a view to modernising commercial leasehold legislation, with an emphasis on:
creating a legal framework that is widely used rather than opted out of, without limiting the rights of parties to reach their own agreements, by making sure legislation is clear, easy to use, and beneficial to landlords and tenants;
supporting the efficient use of space in high streets and town centres, now and in future, by making sure current legislation is fit for today’s commercial market, taking into account other legislative frameworks and wider government priorities, such as the ‘net zero’ and ‘levelling up’ agendas; and fostering a productive and beneficial commercial leasing relationship between landlords and tenants.”
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Please click on this link for the full article by Robert Brown on the changes that may be coming to the law on business leases.