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 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

Please speak to our Commercial Property Team