The Landlord and Tenant Act 1954 is very important in commercial business tenancies. In certain specified circumstances and subject to some exceptions, it gives commercial tenants the right to a lease renewal at the end of the contractual term and the ability to remain in occupation at the property. It therefore provides the tenant with security of tenure and secures business continuity. It is possible however, for a lease to be “contracted outside” the 1954 Act, meaning that the tenant will not have the right to remain in occupation or renew the lease at the end of the contractual term. Regardless of whether the lease is agreed to be granted inside or outside the 1954 Act, it is crucial for both the landlord and the tenant to seek specialist advice.