However excited you may be to move your company into its business premises, there are many considerations you should think about before you become a business tenant and sign a commercial lease agreement for the premises. A lease agreement will detail many points, including your responsibilities, such as your monthly rental payments. Hence, you should ensure that you understand your commercial lease and that it is as beneficial as possible for your company. This article will explain some points that a micro business owner should know before entering a commercial lease in the UK.<\/p>\n\n\n\n
As a micro business, you are a small and medium-sized business (SME). In the UK, 99% of enterprises are micro businesses<\/a> like yours, and SMEs are responsible for 48% of employment. As a micro business, you may, for example, be a:<\/p>\n\n\n\n There are many points every business should be aware of before entering a commercial lease, but as a micro business, some will be particularly significant to you. We list some of these below.<\/p>\n\n\n\n A commercial lease is when you, as a commercial tenant, commit to commercial premises with a landlord<\/a>. You occupy the property or part of it for business use for a specified period, which you may refer to as a fixed term. <\/p>\n\n\n\n In turn, you pay your landlord or lessor a regular rental payment. You will sign a commercial lease agreement when you enter a commercial lease, and this is a legal contract between you and your landlord. It will contain all the details about your commercial lease. <\/p>\n\n\n\n\n\n Continue reading this article below the form\n <\/i>\n<\/a>\n\n
What is a Commercial Lease?<\/h2>\n\n\n\n