Why is Commercial Leasing?
A commercial lease is an agreement between a landlord and a business for the rental of a property. It allows a business to use a property for commercial purposes, and it sets out the rights and obligations of the landlord and tenant.
The lease gives you the right to use the property for business or commercial activity for a set period of time. In return for this, you will pay money to the landlord. The lease will also outline the rights and responsibilities of both the landlord and the tenant during the lease period.
Fixed price Standard Lease = £500 plus VAT
Registered Leases = £750 plus VAT
Please contact our office on 01274 737 001 to discuss further.
What is included in the commercial lease?
A commercial lease typically deals with the following:
- the type of property being let;
- the address of the property being let;
- the term of the tenancy and whether the tenancy is for a fixed term or renews periodically;
- the amount of rent payable, how often and when the rent should be paid;
- the type of business that may be conducted on the premises;
- ownership of any leasehold improvements; and
- the provisions of any security/damage deposit.
In addition, a commercial lease may also identify the following:
- provisions for lease renewal;
- landlord improvements and signing incentives;
- tenant improvements;
- whether the tenant can assign or sublet the property:
- notice provisions for termination of the tenancy; and
- insurance provisions.