Legal Information

As a landlord managing our own commercial properties directly we can be very flexible as far as tenure is concerned.

We have a standard form of lease for each site that can be for anything from three to twelve years. Rent reviews are generally every three years. The leases are generally full repairing and insuring leases.

You would need to instruct your solicitors if you decide that you need a lease. Each party bares their own legal costs.

If you would rather make a shorter period of tenure we can cover this too by letting the property on a licence - a few months can be arranged depending on which site. Licences do not need to involve solicitors as we can issue these directly and reach agreement with you- costs are therefore kept to a minimum. Licences give more flexibility to the tenant but also offer less security.

For leases and licences we generally take rent deposits equalling the payment period ie one quarter. This would be held in a separate interest bearing account.

We take references on all comercial tenants. We would need to contact your bank, accountant and one supplier. We would also ask to see the latest set of audited accounts as well as running credit checks.
This however doesn't exclude young companies who don't necessarily have a credit history. We would meet you and visit your existing premises and if we like what you do and how you do it we can usually reach agreement. If a shorter period of tenure is required we can cover this too - depending on the length of time we can agree a licence