In 2004, business tenancies underwent the most significant reform since the implementation of the Landlord and Tenant Act 1954. The regime for renewal of such tenancies was radically altered by the Regulatory Reform (Business Tenancies) (England and Wales) Order 2003. All property lawyers in the UK handling any commercial transactions need to know about these changes. The new edition of this popular title has been substantially revised to explain the new law and procedure, as well as incorporating all recent relevant case law. The authors' step-by-step approach is eminently practical and will enable practitioners to master the forthcoming regime at its inception. The book also includes procedural guides, Part II of the 1954 Act (as amended by the 2003 Order), and numerous helpful tips for advisers to both landlords and tenants.