No abolition of security of tenure for commercial tenants

The Law Commission has issued an interim statement based on the response to its initial consultation on potential reform of the Landlord and Tenant Act 1954. It has concluded security of tenure should be retained for business tenants, although probably in a modified form.  

The next phase of the project will include a second consultation paper, in which the Commission expects to consult on increasing the threshold for the length of term above which a lease cannot be contracted-out from 6 months to 2 years.

Whilst it has provisionally decided that the existing list of tenancies which do not benefit from security, such as agricultural lettings, is appropriate, it will look at the technical details of how the 1954 Act might be reformed, including improvements to the contracting-out procedure.

The Law Commission has provisionally concluded that the existing “contracting-out” model is the right model. The arguments in favour of retaining this model were powerful, and it received the broadest support among consultees.

https://lawcom.gov.uk/news/business-tenancies-interim-statement-on-direction-of-reform/