Until the coming into force of the Landlord and Tenant Act 1954, Part II, business tenants mostly had no security of tenure. If the tenant had a periodic tenancy, it could be terminated by the landlord by notice to quit at common law, and the tenant would have to vacate when the notice expired. If the tenant had a fixed-term lease with no option to renew, the tenant could only hope that the landlord might agree to grant a new lease at the expiration of the contractual term. A business tenant obliged to leave might have to incur substantial expense in relocation, and it could suffer loss of both goodwill and the value of any improvements that it had made.
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- Business tenancies
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- Chapter 19