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 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 assist with matters such as:
- Drafting leases
- Forfeiture
- Guarantors
- Insurance
- Landlords' and tenants' covenants
- Landlords' and tenants' continuing liability
- Licence to assign
- Rent reviews
- Repairing liability
- Right to renew