If you are a commercial landlord with a commercial property, you likely lease space to business owners for them to run their businesses. You will form a new lease agreement with them which is a contract that governs their occupation in the commercial premises. It details your rights and obligations and is legally binding, so you must carry these out. Therefore, it is helpful to ensure the lease clauses reflect your intentions as the commercial landlord. This article will explain four useful clauses for landlords in lease agreements in the UK.<\/p>\n\n\n\n
A rent review clause is a clause that you, as a commercial landlord, may want to include in your commercial lease agreement with your tenant. A rent review clause<\/a> states that an assessment may take place for the rental amount of your commercial property periodically to ensure that it is an appropriate amount. There are various methods of rent review, such as the common open market rent review.\u00a0<\/p>\n\n\n\n A rent review clause benefits you as a commercial landlord as it ensures that the rental amount is in line with other market rental amounts at that time. As such, it is beneficial if you have a long-term lease.<\/p>\n<\/div>\n\n\n\n If your review method is a market review, it is wise to include that this is only upward in your rent review clause. Methods based on percentages will generally always increase or stay the same, but if the review is anchored to the Retail Property Index, you may want to clarify that if the index does not move, the rent will stay the same. <\/p>\n\n\n\n Perhaps this is not a lease clause you first think of when you draw up a commercial lease. Nevertheless, including a clause in your lease agreement concerning advertisements and signs may benefit you as a commercial landlord. <\/p>\n\n\n\n Your tenant will likely want to place a sign on the business premises to advertise their business, which is normal and not a concern, provided you can approve the location and design to ensure it is of good commercial quality. Ensuring tenants seek your approval for advertisements and other signage on the exterior is crucial as it affects how your property presents and may potentially cause damage to the exterior. <\/p>\n\n\n\n Moreover, in particularly bad cases, the sign could disturb neighbouring tenants. If it does, as the landlord, you may need to take action to comply with your obligations. <\/p>\n\n\n\n\n\n Continue reading this article below the form\n <\/i>\n<\/a>\nAdvertisements and Signs <\/h2>\n\n\n\n