As a business owner, you may be the tenant under a commercial lease – for example, for your offices or your restaurant. Your commercial lease will set out the rights and obligations of each party to the lease, you and the landlord. This article will detail some common rights of tenants in commercial leases in the UK.<\/p>\n\n\n\n
A commercial lease is where a business owner occupies a property as their premises. The property owner is the landlord and permits the tenant to use the space for specific business activities – such as retail or manufacturing. A commercial lease will last for a particular lease term, generally between 5 to 20 years.<\/p>\n\n\n\n
In return for the occupation of the property, the tenant pays rent to the landlord. Both parties in a lease have rights and obligations set out in the commercial lease agreement, which they must follow, or they could be in breach of their obligations under the lease.<\/p>\n<\/div>\n\n\n\n
A tenant also benefits from some common rights in a lease. We will explore some examples below.<\/p>\n\n\n\n
Every lease should contain rights of support as these are crucial for any lease. This means that your premises benefit from the right of support from neighbouring\/other properties – this guarantees structural support for your property. A lack of structural support would naturally cause damage to the commercial premises and prevent you from using them.<\/p>\n\n\n\n\n\n Continue reading this article below the form\n <\/i>\n<\/a>\n