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I have been a tenant in a business capacity for 32 years but was given notice to quit. Is there a statutory right for me to be paid financial compensation to vacate the premises?
I have been a tenant in a business capacity for 32 years but was given notice to quit by 24 October 2008, which I complied with. Is there a statutory right for me to be paid financial compensation to vacate the premises? If so, could you please tell me what my rights are and what compensation I could expect to receive?
I assume that you have the protection of the Landlord & Tenant Act 1954 and have never waived those rights. If that is the case and the landlord wishes you to vacate you could be entitled to compensation amounting to three times the property's rateable value. This applies if the landlord wishes you to vacate because he wishes to redevelop the building, not because (for example) you have been a poor payer of rent. Has the landlord served a Section 25 Notice? It is important that all the relevant procedures are followed and you may need to apply for a new tenancy in order to protect your position. If you wish to send us all the relevant documentation (copy lease, any renewals, any notice and any correspondence) we will provide you with a full advice for a fixed fee of £350 + VAT.
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