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Reform Business Tenancies England and Wales Order 2003

Reform Business Tenancies England and Wales Order 2003-2026

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The document is a notice regarding the surrender of a business tenancy under the Landlord and Tenant Act 1954. It advises tenants to carefully consider their decision to surrender their lease, as it may result in the loss of their right to renew the lease and occupy the premises. The notice emphasizes the importance of seeking professional advice before committing to an agreement and outlines the necessary steps and declarations required based on the timing of receiving the notice.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the tenant's name and address in the designated field labeled 'To (1)'. This is crucial as it identifies who is involved in the agreement.
Next, input the landlord's name and address in the field labeled 'From (2)'. Accurate information here ensures proper communication between parties.
Read the important notice for tenants carefully. It outlines your rights regarding lease renewal and the implications of surrendering your lease. Consider discussing this with a professional adviser.
If you receive this notice at least 14 days before committing to an agreement, prepare to sign a simple declaration acknowledging receipt of this notice before proceeding.
If you do not receive at least 14 days' notice, be prepared to sign a statutory declaration, which may require visiting an independent solicitor.

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What is the regulatory reform business tenancies order?

The Regulatory Reform (Business Tenancies) (England) Order 2003 came into effect on 1 June 2004. It introduced new procedures for terminating or renewing business tenancies under the Landlord and Tenant Act 1954, and procedures for contracting out of sections 24 to 28 relating to security of tenure.

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