20 year commercial tenant with no fixed term lease?Make Text Bigger
Hi there. I have been a commercial tenant for 20yrs, but without a written lease. My original contract was for 1 year, but its ended up being there for 20 yrs.
The landlord now wishes me to have a proper lease. The issue is he wants to do a short term 1-3 yr renewable lease. The reason for this is he may wish to get me out in a few years and get a much higher rent with an A3 use (currently a clothing shop).
I want a longer term of at least 5 yrs but preferably 10yrs. where do I stand?
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