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
The city-centre retail core around Listergate, Clumber Street and the two shopping centres has changed substantially, and historic scheme evidence rarely reflects current trade.
Hockley and the Lace Market food and beverage pitches trade on covers and licence hours rather than frontage, so restaurant and bar rents need a trading approach.
East Midlands logistics rents around the M1 corridor have risen sharply, driving hard upward-only reviews on older industrial stock.
Pitches and markets covered
- Clumber Street, Listergate and the city-centre schemes
- Hockley and the Lace Market leisure
- Beeston, West Bridgford and suburban district centres
- M1 corridor industrial and logistics
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.
- Lease Renewal SurveyorTenant-side lease renewal surveyor: 1954 Act renewals, notices, terms and rent negotiated and, where needed, contested through the courts.
- 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.
- Retail PropertyRetail property advice for shop occupiers: rent reviews, lease renewals, zoning and comparable evidence, portfolio strategy and exit planning.
- Interim RentInterim rent under Sections 24A to 24D of the 1954 Act: who can apply, when it starts, how it is valued and when it differs from the new lease rent.
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