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. If you are letting a property, or moving in as a tenant, you need the right advice to protect your interests.
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 term "business" as used in this context does not, however, include agriculture or farming, where a different set of rules and customs applies.
We can advise on all aspects of Business Leases, including:
- Guarantors
- Insurance
- Landlord's covenants
- Landlord's continuing liability
- Licence to Assign
- The grant of a new Lease
- Rent reviews
- Repairing liability
- Right to renew
- Tenant's continuing liability
