Compensation when Lease Renewal is Contested - Planning Ahead to Optimise the Outcome

Introduction

Compensation under the Landlord and Tenant Act 1954 is determined by a set of rules which give opportunities to minimise or maximise the figure, whichever is required. This is in part a matter of how lettings are structured and documented in the first place, though of course tactics as lease expiry approaches may also be important. The figures involved may be modest, or they may be very significant, and a good awareness of the tips and tricks can be important.

In this webinar we will consider the impact of how transactions are structured, whether that is the original lease, or sub-leases granted along the way. We will also cover the timing of notices as circumstances unfold in the run-up to lease expiry, and the pitfalls that may lead to compensation being lost.

What You Will Learn

This webinar will cover the following:

• Relevance of being out of occupation
• Rating revaluations and temporary reductions
• Short notice or long notice?
• Aggregating occupation of successive tenants
• When an equivalent contractual payment must be negotiated

This webinar was recorded on 25th September 2023