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Renewing a commercial property lease, In a nutshell. If you are a commercial tenant sooner or later, you will need to renew your lease. Leave it too late and you could leave yourself vulnerable in a poor bargaining position. Or worse case scenario, without premises you could be out of business altogether. Ideally you should start making plans eighteen months before your lease expires. Business tenants normally dont have the right to renew the tenancy of their business premises when it comes to an end. In this case your landlord can ask you to leave. So what should you do? Firstly, start early. Research the current market to benchmark rates and identify what other opportunities are available. Secondly. Assess your space. Your property requirements will have changed since you took out your original lease. And finally. Remember it takes time to find space, negotiate a deal, set the premises up and physically move. If you are not familiar with the property rental market or lack the time