Despite the end of the agreed term lease, tenants of business premises have the right to remain in occupation of the premises, and the right to apply to the Court (if necessary) for the grant of a new lease.
Although the possibility is often overlooked at the outset of a business relationship, disputes in the boardroom or between shareholders can arise for a wide variety of reasons. Once the battle lines are drawn, this kind of dispute can become hugely disruptive and expensive, so it’s important to do what you can to prepare for these situations in advance, and to act swiftly when problems begin to surface.