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 applies.

We can assist with items such as:

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