Below are a collection of frequently asked questions from the “Commercial Leases” category. To view the full answer to each question please click the button below it. If you have any more specific questions that are not answered on this page please contact us and we will be happy to discuss it with you.
Is it necessary to have a commercial lease on premises I intend to rent?
It is not absolutely essential but certainly recommended.
It will set out in full the responsibilities of each of the Landlord and Tenant such as the rent, the term of time, who is responsible for what repairs and decorations.
One of the most important things it does is that it gives you some set time to be in the premises so that you can make plans for the business.
Without a lease agreement you could be asked to leave at fairly short notice and or the rent could be Increased to a level you cannot afford.
If you intend to have a long lease and Invest a large amount into the premises you can ask for protection in the lease under the 1954 Landlord and Tenant Act which gives the tenant rights to a new lease when the old one expires.
For more details about this and assistance in dealing with your new lease or lease renewal contact us at TM LAW.
The advice set out in our frequently answered questions is generic advice not specific to your case and no liability attached to the answers. However, if you do want advice specific to your case please contact us at TM Law and we would be delighted to either fix up a meeting or have a brief chat with you to see if we can assist.