In many cases, both landlord and tenant will wish to work towards lease extension, and this process will ideally run smoothly, although disagreements do sometimes arise. When this occurs, it is usually in the interests of both parties to take all the practical steps to resolve as swiftly as possible, in order to protect the interests of everyone involved.
It is advisable to begin by attempting to reach an agreement for the commercial lease extension through negotiation, however, if this is unsuccessful, the commercial property experts at Ackroyd Legal can help you.
There are several grounds upon which a landlord may refuse a commercial lease extension, for example, if they need to make use of the property in a different way. However, disputes more commonly arise when both parties intend to extend the lease, but disagree over the terms, often involving money and the amount of rent that will be payable. If no agreement is reached through negotiation, either party may begin court proceedings, which may prove to be both costly and time-consuming for everyone involved.
If a dispute surrounding the terms of a commercial lease extension should arise, it is essential to seek legal advice as quickly as possible. At Ackroyd Legal, we will act for landlords and tenants in contentious disputes. Our specialist commercial property lawyers have many years’ combined experience and will work with you towards achieving swift and effective resolution, ensuring that your commercial interests are protected throughout.
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