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:
- FRI - full repair and insuring;
- Landlord's covenants;
- Landlord's continuing liability;
- Licence to assign;
- Rent reviews;
- Repairing liability;
- Right to renew;
- Tenant's continuing liability.