The Basics of a Commercial Lease Previously on our blog, we've covered many of the obstacles you may face when choosing a commercial property to let. After all, it's no minor issue: getting the right property - or the wrong one - can heavily impact the future of your business. In this post, we're going to cover something slightly different: the lease itself. Here is everything you need to know about commercial leasing in the UK.
First things first, what is a commercial lease? A commercial lease is a form of legally binding contract made between a business tenant - your company - and a landlord. The lease gives you the right to use the property for business or commercial activity for a set period of time. In return for this, you will pay money to the landlord. The lease will also outline the rights and responsibilities of both the landlord and the tenant during the lease period.
What's the difference between a commercial property lease and a residential one?