Break rights

If you are starting up a new business and your are thinking of taking a lease then consider using an option to break in your lease. So if you have a 5 year lease consider asking the landlord to give you the option for you to break the lease on the third anniversary. This will help you if for instance your business does not thrive and you need to get out of the lease.

Vat tip

Always remember if you are a tenant taking a new lease check if vat is payable on top of the annual rent. An important tip!

Repairing covenant

If you are taking a new lease as a tenant of a commercial premises and you are worried about the extent of your obligation to repair the property, then we suggest you consider attaching a photographic schedule of condition to your commercial lease. This way you can qualify your repairing covenant so that you are not obligated to put the property in any better state of condition and repair  than that which evidenced by the schedule of condition attached to the lease. This is something you should keep in mind when entering a commercial lease. 

So what is a protected lease??

So what is a protected commercial lease? A protected lease is a lease where a commercial tenant has the right to request a new lease on similar terms at the end of the current term of the lease. The tenant therefore has security of tenure. The landlord can only evict the tenant by relying in a number of statutory rights set out in the Landlord and Tenant Act 1954. So if you are a tenant who has a lease or you are about the take on a lease check with your solicitor whether the lease will be a protected one as many tenants and landlords do not know the difference and it really is worth knowing about.

So what is a protected commercial lease?

Many landlords and tenants sign business leases without knowing whether the same are protected leases or not. So what is a protected commercial ease? This blog will answer this question and will explain many more legal issues regarding commercial leases and property law issues.