A tenancy or lease exists where someone lets premises to another for a term in return for a rent. The term of the letting is usually a number of years.
The expression “business lease” is commonly used to refer to a tenancy of premises used for the purposes of running some kind of business. The premises may be a building, part of a building or even open land, used for example as a temporary car park. The terms “business” as used in this context, does not however include agriculture of farming, where a different set of rules and customs applies.
We can assist with items such as:
- FRI – full repair and insuring
- Landlord’s covenants
- Landlord’s continuing liability
- Licence to assign
- Rent reviews
- Repairing liability
- Right to renew
- Tenant’s continuing liability
For more information please contact either Stephen Dove or Bob Carter
If you would like more information on Business Leases please CONTACT US or fill in our Get in touch form.