The Agenda: Is the Landlord and Tenant Act 1954 a complete waste of time?

The Landlord and Tenant 1954 Act offers commercial tenants the important rights to remain in occupation after their lease comes to an end, and apply to court for the grant of a new lease - but landlords and tenants can "contract out" of these provisions before they sign the lease. 

As a result, Jonathan Seitler QC's latest Agenda is this: the 1954 act is a complete waste of time.

Roger Cohen, partner at Bryan Cave Leighton Paisner, disagrees. Whose side will you be on in this episode of the Agenda?