business advice, information: is4profit

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Article Index
Renting Premises
The Basics
Taking a Licence
Taking a Lease
Option to Sub-let
Option to Assign
Repairs and Alterations
Negotiating

Renting Premises

Compared with purchasing premises, renting is flexible and ties up a minimal amount of capital. Most businesses rent their premises, either through a lease or a licence.

However, be on your guard. Property law can be complex and verbal agreements do not count. The golden rules are not to assume anything, and to get everything in writing.

This briefing focuses on the terms under which you occupy rented premises. It covers:

  • Basic points to check.
  • The main features of a licence.
  • The key terms in a lease.
  • How to negotiate a deal.
BHP Infosolutions

Labels: Premises

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