Lease renewal and termination claims under the Landlord and Tenant Act 1954 Act are very commonly settled, often shortly before trial. This is perhaps no surprise in the context of what is usually a dispute between two professionally advised commercial parties, in which the main point in dispute is often rent. Avoiding the cost and risk of trial will often suit both parties. However, settling 1954 Act proceedings can present traps for the unwary. There are various technicalities to be considered. 

Two Falcon Chambers barristers, Wayne Clark and Toby Boncey, discuss some issues that parties should consider before entering into a 1954 Act settlement agreement.