Business leases give tenants potential security of tenure under the Landlord and Tenant Act 1954 unless contracted out.

• LTA 1954 gives tenant right to renew unless contracted out
• Break clauses must be strictly complied with
• SDLT payable on rent above threshold
• Tenant usually responsible for internal repairs (FRI)
• Dilapidations schedule should be agreed at start and end

Legal reference: Landlord and Tenant Act 1954; LTA (Covenants) Act 1995