A new Ice Age: length of term under the Landlord and Tenant Act 1954
By Robert Wood
The County Court has ordered a new lease for a term of 10 years on lease renewal. The 10-year term is double the length requested by the tenant (Iceland Foods Ltd v Castlebrook Holdings Ltd, 12 December 2013).
- The judge gave limited consideration to market comparables when deciding the length of the renewal lease.
- The court struck a balance between the parties’ interests when determining the length of the term.
- The judge had to balance the tenant’s requirement for security of tenure and the damage to the landlord’s reversion of a short lease.
The judge was asked to determine the duration of a renewal lease of supermarket premises in Cheshire under the Landlord and Tenant Act 1954…
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