ACTIn ForceAct
Leases (Commercial and Retail) Act 2001
51Rent on renewal
Start here
Get a plain-English read of 51
Turn the raw legal text into a practical explanation grounded in Leases (Commercial and Retail) Act 2001.
51 Rent on renewal
(a) either—
(i) the lessor proposes to renew the lease and makes an offer
to the tenant to renew the lease in response to a request
under section 107 (Lessor’s intentions about renewal); or
(ii) the lessor gives the tenant preference under section 108
(Rules of conduct at end of lease term for shopping centre
leases) by making an offer to the tenant to renew the lease;
or
(b) the lessor otherwise makes a renewal offer to the tenant within
12 months after the end of the existing lease.
(2) The lessor must not propose that the rent to be charged initially under
the renewed lease exceed the market rent for the premises (other than
under an option to renew contained in the lease).
(3) In this section, a proposal or offer to renew the lease does not include
an option to renew contained in the lease.