If you are the tenant of commercial premises, it’s important to be aware of the responsibilities you have for maintaining the premises and for the health and safety of occupants – particularly in areas such as gas and fire safety. Some responsibilities are laid down by statute and others have the force of law because…
The Landlord and Tenant Act 1954 (Part 2) normally gives business tenants the right to renew the tenancy of their business premises when it comes to an end. The Act governs renewal and termination procedures and, where the parties cannot agree, provides courts with powers to order the renewal or termination of the tenancy. In…
Finding the right premises for your business is crucial. A key decision is whether to buy or rent property. Renting premises ties up less capital than buying which means you can invest it in the business instead. It can also give you flexibility to relocate easily should you need to. The type of premises you rent…
If you decide to buy property for your business, you will probably need a commercial mortgage to finance the purchase. Before you take one out, it is essential that you consider the maximum monthly mortgage repayment your business can afford. You should also take into account the potential growth of your business, as relocating too…
Businesses looking for premises will usually choose to rent, but there are a few specific circumstances when you may want to consider buying the premises instead. For instance, if you decide to open a small newsagent and want to live above the shop, or if you have formed a professional partnership and could use the…
