Usually, no. As a business tenant you are entitled to obtain a new lease once your lease period is ended, under the same terms as your old one (except for the rent, which will be revised according to current market values.) In fact your tenancy continues automatically after the lease period until either you or your landlord serves notice. The landlord does have the right to refuse you a new lease under certain circumstances (eg plans to redevelop the property or occupy the building himself,) but he has to compensate you. However, if you take a lease that is "contracted out", you lose your legal right to a new lease on the same terms when your current one ends, without statutory compensation.