The department managing the manner of the
lease renewal procedure is defined the process in accordance with the Landlord
and Tenant Act. There business and commercial leases solicitors Burnley must be involved. Drafted below, there is a short
description of the lease renewal process.
Property owner’s notification to
terminate lease
1. A notification may be sent not below 6 months
and not over 12 months earlier than the lease closing date set in it, and not
below 6 months or over 12 months earlier than the time limit as a result of
which the lease agreement come to an end.
2. When the property owner is not playing
off the new rental, the notification has to be indicated the landlords offers
concerning the property to be given in the new lease, the rental fee to be owed
and any other conditions.
3. The court notice may be arranged by
either a property owner or a lease holder and may be processed right away after
sending the first notification. It must be arranged earlier than the closing
date set in the notification letter (unless an additional time is decided in
writing among the parties).











