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Page 5 of 8
Renting Premises
4. Option to Sub-let
Negotiate the widest possible freedom to sublet all or part of the premises you lease.
4.1 Negotiate flexibility in the timing of any subletting.
- You could sublet part of your space at the beginning of your lease, and then take over the rest as your business grows.
- You could sublet some or all of your space if you establish a second premises.
4.2 Negotiate flexibility in the rent you can receive from subletting tenants.
- If market rents have risen since you took on the lease, you may be able to get a higher rent than you are paying.
- Avoid any clause that prevents you subletting at a lower rent.
- To protect your reclaims of any VAT you pay to the landlord, you should carefully consider your own VAT arrangements.
4.3 Negotiate flexibility in the potential uses of the premises you occupy.
- This gives you the option of subletting space to a business in a different industry.
Labels: Premises
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