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Renting Premises
2. Taking a Licence
An easy-in, easy-out licence, normally covering a period of up to two years, provides the maximum flexibility.
2.1 You can usually end your licence at one month's notice.
- Your landlord may have the right to give you one month's notice also. Check whether the landlord has any reason to terminate your licence in the short term.For example, are there any plans to develop the premises?
- Your landlord may have the right to raise the rent with one month's notice, after a fixed period.
2.2 Many licensed business premises provide support services, such as a staffed reception and building security.
Fully serviced offices may offer secretarial services and meeting rooms for hire.
- Check the costs for these services.
- Ask existing or previous tenants how reliable these services are.
2.3 The licence agreement should be short, simple and in plain English.
Consult a solicitor before signing any agreement.
- Your liabilities should be limited to paying an agreed amount for the rent ('licence fee'), rates and any extra services.Check there are no other costs involved.
- You may not be allowed to alter the premises at all (eg putting up shelves).
Labels: Premises
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