In many cases when buying a business, you will want the operation to carry on in its current premises to maintain the current customer base. However, it pays to be aware that if you take over an existing lease, you are unlikely to be able to negotiate the lease’s terms. If you choose to take on a new lease, you will need an experienced solicitor to negotiate the best possible terms for you. more
When it comes to commercial property, there are three ways that a landlord can grant rights; a lease, a licence or a tenancy at will. Landlords who wish to have their premises occupied for a short term will have to decide the best option to suit their immediate needs. more
When you enter a business tenancy you will quickly have to decide whether or not you want to contract out of the security of tenure provisions in the Landlord and Tenant Act 1954 (the Act). more
As a business owner, one of the most stressful things to deal with is a customer complaint. The trick is to never ignore a complaint, listen to the customer and try and turn what they perceive as a negative experience into a positive one. more
'A rent review clause is designed to deal with a particular commercial problem, namely that of the tenant who wants security of tenure for a lengthy term, and the landlord who, in times of inflation or a rapidly changing property market, does not want to commit himself to a fixed rent for the whole of that term.'—(Hoffmann J in MFI Properties v BICC Group Pension Trust [1986] 1 EGLR 115). more
When you enter into a commercial lease, it is imperative that you know what your maintenance and repair obligations are, and that you do not bind yourself to onerous responsibilities when negotiating the tenancy agreement. more
In business, the lease on your shop, office, factory or plant is often one of the biggest overheads. Therefore, negotiating favourable terms when you sign a commercial lease is imperative for the ongoing success of your enterprise and keeping your stress levels in check. more
Under UK law there are two types of agricultural tenancies. They are: more