These are a statutory framework for the occupation of a building or land where a landlord and tenant relationship exists. Business tenancies were first given protection and an entitlement to compensation by the Landlord and Tenant Act 1927. This act was substantially amended by the Landlord and Tenant Act 1954, which now forms the main legislation for owners and occupiers, although further amendments were made by the Law of Property Act 1969.In essence the 1954 Act provides a business tenant with (i) security of tenure and the right to apply for a new tenancy, subject to specified grounds of opposition and (ii) a right to compensation (in certain cases) upon opposition to a new continued tenancy, for improvements and disturbance.Not all business tenancies are protected by the 1954 Act and there are strict Notice procedures that need to be complied with in order to maintain such protection.