Tenants’ Top Tips For Leasing

If your business is expanding, you may well need additional space.

Leasing can be more attractive than buying. You need less capital outlay up-front, and terms can be flexible.

The main points to consider are:

1. Which entity should take the lease? – the lease will become a liability for that entity. Be aware the landlord may request a rent deposit or guarantee if it has doubts on covenant.
2. How much space do you need? How long for? Do you need the ability to end the lease early, e.g. halfway through? – if not, then a longer rent free or lower rent may be on offer.
3. The premises may become surplus to your requirements unexpectedly – so try to ensure your ability to assign (sell) the lease or sub-let isn't too restricted.