The law that applies here
Business tenancies here are governed by Part II of the Landlord and Tenant Act 1954. Unless the lease was contracted out, you have security of tenure: the tenancy continues after the contractual expiry date and can only be ended by a Section 25 notice from the landlord or a Section 26 request from you. Interim rent under Section 24A runs from the earliest date the notice could have specified.
Local market context
Prime city-centre retail is concentrated tightly around the Market Street and Exchange Square core, with rents falling away quickly beyond it — evidence from the core rarely supports a fringe unit.
The Northern Quarter, Ancoats and Spinningfields food and beverage markets price on trade rather than zoning, and turnover-linked structures are common.
Regional town centres across the North West have seen sustained vacancy, which strengthens the case for reduced rents and shorter terms at 1954 Act renewal.
Pitches and markets covered
- Market Street, Exchange Square and the Arndale core
- King Street and St Ann's Square
- Northern Quarter, Ancoats and Deansgate leisure
- Trafford Centre and out-of-town retail parks
Common questions
Relevant guides
- Commercial Rent Review SurveyorChartered surveyor acting for tenants at commercial rent review — evidence, negotiation, arbitration and expert determination across the UK and Ireland.
- Landlord and Tenant Act 1954 Lease RenewalPart II of the Landlord and Tenant Act 1954 explained for business tenants: security of tenure, Sections 25, 26 and 30, interim rent and compensation.
- Section 25 NoticeReceived a Section 25 notice? What it means, the difference between friendly and hostile notices, the deadlines that bind you and how to respond.
- Retail Rent ReviewRetail rent reviews for shop occupiers: Zone A analysis, devaluing incentives, turnover rents, and negotiating on high streets and in schemes.
- High Street Rental AuctionsHow high street rental auctions work under the Levelling-up and Regeneration Act: vacancy rules, notices, the auction tenancy and what it means.
Talk it through