As a new business tenant, you have taken the plunge to lease property to run your business from. You are likely moving from working at home to a commercial property dedicated to your business. Once you have found what you would like as your first commercial premises, you need to sign a commercial lease agreement. This substantial financial commitment requires you to carry out many obligations. Therefore, when selecting a new UK commercial lease, you must know what to look for to ensure the commercial lease agreement contains what you can and want to commit to. You can negotiate with your prospective commercial landlord before signing the lease to ensure you are happy with the terms. This article will explain what a new commercial tenant like you should look for when selecting a commercial lease.<\/p>\n\n\n\n
With a commercial lease, you occupy your landlord’s property or part of it for a specified agreed time which is the term of your lease. It enables you to use the premises for business that your landlord permits. In return, you will pay your landlord’s rent. <\/p>\n\n\n\n
The commercial lease agreement details the lease terms, including your commercial landlord’s rights and responsibilities in the commercial lease. This is a legally binding agreement, so you must be content with its contents. Below are some points to look out for when selecting a commercial lease.<\/p>\n\n\n\n
As a new commercial tenant<\/a>, looking out for the costs associated with your commercial lease is essential when selecting one. First, you must understand what you must pay and satisfy you can commit to this. The cost you will likely focus on is the rate of rent you will pay. However, there are potentially other costs associated with your commercial lease. For example, you may have to pay the following:<\/p>\n\n\n\n In addition to the above, you’ll need to consider other costs, such as business rates, contents insurance and utilities. Furthermore, whilst you may understand your rental costs, you should look for any rent review clause indicating rent may change.<\/p>\n<\/div>\n\n\n\n\n\n Continue reading this article below the form\n <\/i>\n<\/a>\n\n