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;
  • Guarantors;
  • Insurance;
  • Landlord's covenants;
  • Landlord's continuing liability;
  • Licence to assign;
  • Rent reviews;
  • Repairing liability;
  • Right to renew;
  • Tenant's continuing liability.