• Here are some of the key point to a lease I would be looking for....

    Key features of the standard Meanwhile Lease include:
    • A zero or peppercorn rent for the occupier
    • A fixed term which provides the landlord with full vacant possession at the end of the lease with no tenancy rights being deemed to have accrued to the tenant
    • Landlord and Tenant lease-breaks on short periods of notice (suggested periods are 2 weeks for the tenant, 4 weeks for the landlord). There is a suggested minimum occupation period of 3 months, although this can be deleted to allow a notice to be served at any time.
    • Responsibility for business rates by the tenant
    • Option for a damage deposit to be held by the landlord
    • Limitations on alterations to the property, only to allow for signage and installation of loose shop fittings (or otherwise as agreed)
    • Limited repair obligations for the tenant, with a photographic schedule of condition required and a provision that excepts "fair wear and tear"
    • Use and hours restrictions and an option to provide that the use may not be for commercial gain or profit
    • The possibility of inserting additional agreed terms (in Part II of the lease). Service Charge arrangements may vary – some landlords may recoup the buildings insurance and possibly some overheads through a monthly service charge.

    Now we need to find some space and landlords willing to talk. This will be tricky as the system here lacks transparency as the agents rule the property world in the UK. Will ask the leasing folks I know how to find space.

About

Avatar for LucasR @LucasR started