Business Leases

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