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What is a protected commercial lease?

A Protected Lease is a lease that has the benefit of security of tenure under the Landlord and Tenant Act 1954 (the 1954 Act). If the tenant does leave by lease expiry, it will not have the right to go back into the premises after lease expiry.

What is a protected business tenancy?

A Protected Lease is a lease that has the benefit of security of tenure under the Landlord and Tenant Act 1954 (the 1954 Act). If the tenant does leave by lease expiry, it will not have the right to go back into the premises after lease expiry.

What does a protected tenancy mean?

Protected tenancies are a type of rent-controlled tenancy. If you are a protected tenant, the amount of rent that your landlord can legally charge you are restricted. The rights of protected tenants are guaranteed by law and cannot be overridden by the terms of a tenancy agreement.

What constitutes a business tenancy?

A 'business tenancy' is one where property is occupied for the purposes of a trade or profession within the meaning of the Landlord and Tenant Act 1954 (LTA 1954), s 23, which provides that a tenancy is within the LTA 1954 if the whole or a part of the demised premises is occupied by the tenant for the purposes of his

What is the purpose of the Landlord and Tenant Act?

The Landlord and Tenant Act 1954 governs the rights and obligations of landlords and tenants of premises which are occupied for business purposes.

What is Part 2 of the Landlord and Tenant Act 1954?

Part II of the Act applies to any tenancy where the property “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”.

What should be included in a commercial lease agreement?

Net lease The tenant pays all or part of taxes, insurance, or maintenance costs that would otherwise be incurred by the landlord in addition to the stated rent. Double net lease The tenant pays taxes, insurance, and rent. Triple net lease The tenant pays taxes, insurance, maintenance, and rent.

What is the most common commercial lease?

A Triple Net Lease (NNN Lease) is the most common type of lease in commercial buildings. In a NNN lease, the rent does not include operating expenses. Operating expenses include utilities, maintenance, property taxes, insurance and property management.

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