Commercial lease renewal on the best possible terms
‘Securing terms that enable and protect your business is of paramount importance’
As a business owner, finding the right premises is vital. So too is securing terms on those premises that protect your business. You may well be tempted to keep things simple and renew on the same terms as the current lease. However, sticking out for a better deal on your commercial lease renewal will give you a more competitive edge.
Giving you the edge in commercial lease negotiations
Negotiating new commercial terms to reflect changes in the market and the law can cause some friction between you and your landlord. This often happens if your previous lease had been running for a long time. Three common areas of dispute in commercial lease negotiations are:
- Rent, repair and decoration liabilities
- The ability to sub let and assign
- The length of term
It’s crucial to get these right so your new lease gives you the flexibility to grow and adapt your business. Commercial lease renewal is a big step to take for any business but we’re here to help you get the best possible terms.
Click here to read our factsheet on renewing a lease.