In this section
Provides business tenants the right to security of tenure.
'Inside the Act'
At the end of the contractual term, the tenant has the right to a new lease on the same terms as the old one – subject to ‘reasonable’ updating and at a current market rate.
It is important to note the following Notices in relation to the Act (which must be served in a prescribed format)
'Outside the Act'
The lease will end when it expires ie the tenant has no right to remain in the property and can only do so by signing a new lease.