BUSINESS TENANCIES ACT (NORTHERN IRELAND) 1964 - SECT 14 Duration of new tenancy.

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BUSINESS TENANCIES ACT (NORTHERN IRELAND) 1964 - SECT 14

Duration of new tenancy.

14.(1) Where the Lands Tribunal makes an order under this Part for the grant
of a new tenancy, the new tenancy shall be

(a)a tenancy for such period as may be agreed between the landlord and tenant;
or

(b)in the absence of agreement, a tenancy for such period, not exceeding
fourteen years, as may be determined by the Lands Tribunal to be reasonable in
all the circumstances, and shall begin on the coming to an end of
the current tenancy.

(2) Where the period for which in accordance with this Part it is agreed or
determined by the Lands Tribunal that a new tenancy should be granted
thereunder will extend beyond the date on which the estate of the immediate
landlord will come to an end, then subject to subsection (3), the power of the
Lands Tribunal under this Part to order such a grant shall include power to
order the grant of a new tenancy until the expiration of that estate and,
subject to the following provisions of this section, to order the grant of
such a reversionary tenancy or reversionary tenancies as may be required to
secure that the combined effects of those grants will be equivalent to the
grant of a tenancy for that period; and the provisions of this Part shall,
subject to the necessary modifications, apply to the grant of a tenancy
together with one or more reversionary tenancies as they apply in relation to
the grant of one new tenancy.

(3) The Lands Tribunal shall not under subsection (2) grant a reversionary
tenancy unless the tenant has, within such time as may be prescribed by Lands
Tribunal Rules, served notice of his application for a new tenancy on any
person, other than the landlord, having a reversionary estate which would be
affected by the grant of the reversionary tenancy.

(4) Any person having a reversionary estate which is likely to be affected by
the grant of a reversionary tenancy (including any terms or conditions
attached to such grant) may in accordance with Lands Tribunal Rules apply to
the Lands Tribunal to be made a party to the proceedings and, on such
application being granted, may oppose the grant of the reversionary tenancy on
any grounds which appear to the Lands Tribunal to be relevant and shall be
bound by the proceedings.

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Northern Irish Legislation

BUSINESS TENANCIES ACT (NORTHERN IRELAND) 1964 - SECT 14