Top Tips For Landlords Signing Business Leases
It’s important you are protected from any potential issues with your tenant and that you do all you can within the lease to minimise the likelihood of future problems while providing maximum legal protection for yourself should the worse happen. As a guide, your business lease should cover the following matters:- The length of the lease
- The rent deposit, amount and frequency
- What happens if the tenant defaults
- How the property can be re-let if needed
- Who is responsible for maintenance and repairs?
- Is a breach clause needed?
Top Tips For Tenants Signing Business Leases
As a tenant, you want the freedom and flexibility to operate your business on a day-to-day basis and to be able to run it well, whilst also having the legal protection in place should you encounter any difficulties with the premises or landlord. As a guide, your business lease should cover the following matters:- The length of the lease
- The rent deposit, amount and frequency
- What the rent actually includes
- Who is responsible for the upkeep of the building?
- Does the property meet all the necessary safety regulations?
- Are there restrictions on the use of the building?
