Introduction to Security of Tenure

Question 1

What is security of tenure?

Answer 1

A legal right granted to certain business tenants to provide protection at the end of a lease term, preventing landlords from unfairly evicting tenants or demanding excessive rent increase

Question 2

What statute imposes security of tenure?

Answer 2

Landlord and Tenant Act 1954

Question 3

What is the history of the Landlord and Tenant Act 1954?

Answer 3

After WWII, due to shortage of commercial premises, at the end of tenancies, landlords were imposing excessive rents

Question 4

What are the key protections in security of tenure?

Answer 4

1) Right to continue occupation
2) Right to request a new lease
3) Limited landlord control (cannot refuse without valid legal reasons)

Question 5

What are the benefits of security of tenure for tenants?

Answer 5

1) Long-term business stability
2) Retention of goodwill
3) Avoidance of relocation costs

Question 6

What are the benefits of security of tenure for landlords?

Answer 6

1) More attractive to tenants
2) Well-maintained property
3) Potentially higher rent at review

Question 7

What are landlord’s disadvantages for security of tenure?

Answer 7

1) Restricted control over property
2) Complex legal process