This cheatsheet includes practical tips to understand key clauses and avoid disputes in leasing agreements.<\/p>\n <\/div>\n \n\nDownload Now<\/a> <\/section>\n <\/div>\n\n\n\n\n One of the most significant details when you lease a commercial property is the rent. It is likely to be one of your primary business outgoings. Unfortunately, a common mistake tenants make with commercial leases is misunderstanding the rent provisions in the lease. <\/p>\n\n\n\n Many factors affect the rental amount aside from the amount you agree on with your landlord. For example, consider the following:<\/p>\n\n\n\n When you find the perfect commercial space to run your business, you are unlikely to consider moving out or terminating the lease. However, overlooking the lease term is a common mistake tenants make when excited at the prospect of a new business location. Amongst the excitement, it is easy to forget that business circumstances might change. Since a lease is a legally binding contract, you must commit to its provisions, including the lease term. <\/p>\n\n\n\n However, as your business circumstances change, honouring the entire lease term is sometimes difficult. If you commit to a long-term lease, you might be stuck paying rent to avoid breaching your contract. Therefore, it is essential that you understand the lease term and that it is appropriate for your business. If you have upcoming growth plans, consider whether the commercial space will be appropriate in the next few months or years. <\/p>\n\n\n\n Importantly, review your lease agreement and understand your termination rights. You might decide to negotiate a break clause<\/a> in your commercial lease, as this can allow either party to end the lease in specific circumstances.<\/p>\n\n\n\n\n\n Continue reading this article below the form\n <\/i>\n<\/a>\nMisunderstanding Rent Provisions<\/h2>\n\n\n\n
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Ignoring the Lease Term <\/h2>\n\n\n\n
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\n Cheatsheet for UK Leasing Terms<\/div>\n
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