Tag: commercial leases
Commercial Lease Renewals – Section 25 Landlord and Tenant Act 1954
The landlord-tenant relationship is governed by various laws, and one key piece of legislation in the UK is the Landlord and Tenant Act 1954 (LTA54). Within this Act lies Section 25. What is Section 25? The Landlord and Tenant Act 1954 was enacted to provide security of tenure for commercial tenants, offering a structured framework... Read more »
What’s CRAR anyway? some basic understanding on Commercial Rent Arears Recovery
The temporary new measures in the current pandemic situation, and some changes are now being made to the use of Commercial Rent Arrears Recovery (CRAR) regime too. Q: What’s CRAR anyway? The CRAR regime came into force in 2014 to recover rent in relation to commercial premises. It replaced the old common law right to... Read more »