Business Leases

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.

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 or farming, where a different set of rules and customs apply.

We can assist with items such as:

• Forfeiture
• FRI - full repair and insuring
• Guarantors
• Insurance
• Landlord's covenants
• Landlord's continuing liability
• Licence to assign
• Rent reviews
• Repairing liability
• Right to renew
• Tenant's continuing liability

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