This practical guidance from Alex Atkins is part of our ongoing commitment to support local businesses in Hungerford, Marlborough, Swindon, and Newbury with accessible, expert legal advice.
If you’re considering a commercial lease or need advice tailored to your specific situation, don’t hesitate to get in touch with our commercial team at Marlborough Law.
1. Read the Lease
This may sound straightforward, but it’s often overlooked—read the lease thoroughly. Many people skip this step and miss important clauses. Familiarise yourself with key terms such as rent increases, break clauses, and any obligations tied to the lease. Understanding the basics before involving your solicitor helps ensure a more efficient legal process.
2. Permitted Use
A common oversight in commercial leasing is assuming your intended use of the property is automatically allowed. Under planning law, it’s vital to confirm that the property’s use class supports your business operations. Always double-check this with your agent and solicitor before committing to a lease.
3. Rent and Costs
While rent is often the primary concern, there are additional costs that should be considered. These may include service charges, insurance, and other associated fees. Understand both the initial costs and any potential ongoing expenses to avoid unpleasant surprises later.
4. Condition of the Property
The condition of the property can have significant implications for your lease obligations. Commercial leases often include terms requiring tenants to maintain or repair the premises. It’s important to assess the current condition of the property and ensure you’re comfortable with any related responsibilities before signing.
If you’re thinking about signing a commercial lease, or just need a friendly expert to walk you through your options, we’re here to help.
Get in touch with us today to book a consultation with Alex or one of our commercial law team, and take the next step in securing your business’s future with confidence.
