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Naomi Wilson, a legal advisor, discusses common misconceptions landlords have regarding tenants' rights at the end of a commercial lease. The Landlord and Tenant Act 1954 grants commercial tenants a statutory right to request a new lease at the lease term's end. Landlords must discuss this with tenants before signing the lease and ensure they understand and agree to contract out of the security of tenure provisions. Tenants must sign a declaration confirming they were informed of this before completing the lease.
