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Lease Renewal Terms and Landlord’s Break Right

Article contributed by Sarah Thompson-Copsey   Landlord and Tenant Act 1954 – Lease renewal terms and landlord’s break right   B&M Retail Limited v HSBC Bank Pension Trust (UK) Limited (unreported, CC, 3 March 2023)  [see attached transcript]    Summary    The court found that there was a real prospect of planning permission being granted for the landlord’s proposed development. Accordingly, the tenant’s renewal lease should contain a landlord’s break right, operable immediately on the grant of the lease, to…

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