Owning a business can be daunting and choosing a premises from which to operate can come with unexpected considerations. Not only do you need to ensure that the premises are suitable for your day-to-day activities, but you also need to consider the rules and regulations you agree to when occupying the premises. Seeking legal advice at the start of this process is crucial and will save you time, money, and stress down the line.
At the center of such a decision is a contract that outlines your rights and obligations in relation to the business premises. While there are several different contracts to consider, if you are looking for freedom and long-term security, a commercial lease is the way to go.
A commercial lease offers power and exclusive possession over a premises, giving you the right to exercise control, and even dictate who can enter the premises. This type of contract also provides long-term stability, by outlining a clear start and end date and allowing ongoing occupation in the event of the property being sold.
While a commercial lease grants you freedom and a wide range of powers, there are clauses in the contract that all parties must follow.
The team at Lyon O’Neale Arnold Lawyers specialise in business property and can help you understand the contract you are entering into, allowing you to occupy a business premises with your eyes wide open to your rights and obligations. Phone 07 928 4422 to talk to a team member today.