The next phase of the project will involve a further consultation paper, seeking views on increasing the minimum term above which a lease cannot be contracted out of the Act—from six months to two years. The Law Commission will also consider technical reforms to the 1954 Act, including potential improvements to the contracting-out procedure.

For further information, see the <a href="https://lawcom.gov.uk/news/business-tenancies-interim-statement-on-direction-of-reform/" target="_blank" rel="noopener">Law Commission’s interim statement.</a>