法律英语词汇“business tenancy”的翻译、意思、用法、释义-法律词典

单词

business tenancy

释义

business tenancy
A tenancy of premises that are occupied for the purposes of a trade, profession, or employment. Business tenants have special statutory protection (Landlord and Tenant Act 1954 Part II). If the landlord serves a notice to quit, the tenant can usually apply to the courts for a new tenancy. If the landlord wishes to oppose the grant of a new tenancy he must show that he has statutory grounds, which may include breaches of the tenant’s obligations under the tenancy agreement or the provision of suitable alternative accommodation by the landlord. Otherwise the court will grant a new tenancy on whatever terms the parties agree or, if they cannot agree, on whatever terms the court considers reasonable.

Under the Landlord and Tenant (Covenants) Act 1995 when business tenancies are assigned the new tenant generally takes over the covenants (or promises and warranties) of the first tenant in the lease except when otherwise agreed. Previously the old tenant was always liable, even after assignment, if a subsequent tenant defaulted on the lease. If the lease expressly provides for it, the former tenant may, however, be required to guarantee his assignee’s obligation by way of authorized guarantee agreement.

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