As a commercial property landlord, it is crucial to follow the right steps when renewing a lease. In this article, we discuss the main points of interest and deadlines.
What is the Procedure for Commercial Lease Renewal?
A tenant has the right to apply for a renewal between 18 and 15 months before the expiry of the current contract. This application must be made formally by registered letter or bailiff.
Crucial Deadline for Landlords: 3 Months
After receiving the application, you as a landlord have exactly three months to respond. This deadline is strict and exceeding it has significant legal consequences.
What Are Your Options as a Landlord?
- Refusing the application on legally recognised grounds (e.g. self-use)
- Submit a counter proposal with amended terms
- Accept the application in full as submitted
Warning: Not Responding Has Consequences
Please note that no response means automatic acceptance of any terms proposed by the tenant, including any rent reductions or adjusted terms.
Legal Assistance for Commercial Lease
Do you have questions about the validity of a renewal application or are you unsure about the right approach? Contact our legal experts for professional advice tailored to your situation.
✨ Pro-tip: Mark important dates in your diary and save all correspondence carefully to avoid later discussions.
