One of the key factors to consider when renewing a commercial lease is whether your renewal rights are protected by the Landlord and Tenant Act 1954. If your lease is protected, you have the right to renew your lease and can do so by serving the relevant statutory notice to your landlord. If your lease is not protected, you may still have the right to negotiate new terms, but you will have no right to remain in the premises after the end of the term.

Once notice has been served, you can enter into negotiations with your landlord to determine the terms of your new lease. This can include negotiating a reduction in rent or service charges, incorporating a break clause to allow for early termination, or negotiating a more favourable lease length. It is important to be mindful of time limits and to work with an experienced commercial property solicitor to ensure that your rights are protected throughout the negotiation process.