Is property leasing your ideal solution to grow your business? As a start-up, one of the challenges business owners face is having to decide the size of the business right at the start. You need to decide whether you should keep the business small at the start of your business venture and then allow it to grow as and when. Alternatively, you can think big and employ staff, rather than wearing various hats, or just getting an extra pair of hands to help you kick start your business.
When you think big for a new venture, you likely need to think of space for staff and possibly for your product. As an example, let’s say you have embarked on an entrepreneurial venture, selling clothes you’ve either designed or sourced. You’ll need a shop to display your clothes and sell. You’ll need staff to manage the shop and serve customers. Leasing a small space for your business it the way forward.
First thing’s first. Speak to a commercial property lawyer. Leasing specialists will help you draft a leasing agreement which includes clauses that help your business. Property lawyers can help you understand the implications of omitting certain areas of commercial renting. For instance, you might want to include a clause relating to early termination of a leasing contract. A commercial property lawyer with business law experience can help you explore options and support you as you start your new business.
What else can property lawyers do for you, as you kick start your business? They can carry out searches on a property and make sure it has the correct class use – A1 or B1. Lawyers will ensure there are no hidden liabilities and no hidden service charges. Also, you will be asked to investigate if there are major works pending in the property or near it. Another point worth checking is if the lease is included in or excluded from the 1954 Act. This will determine if your business will be protected or not.
If you’ve already negotiated rent with your landlord, it’s worth noting that your lawyer can help you renegotiate the rent and lease terms. There are circumstances that allow for changes in the lease agreement. you might need consent for refurbishment, or you may need advice in relation to dilapidations.
If you’ve got into difficulty with your landlord, or want consent to do refurbishment work, we can help negotiate a rent review or licence for works. Whatever you may need from a property lawyer, you can get in touch for an informal conversation. SG
DG Law were fantastic throughout our purchase process. We had a short, fixed, timeline to
DG Law supported us through a very difficult contractual negotiation to achieve exactly the outcome
We were very pleased with the way that DG Law helped us on our transaction
DG Law resolved a difficult lease renewal for us and their services were excellent –
I needed understanding and experienced legal advice. DG Law provided an excellent service at a
My experience was second to none – the service was professional and personal. DG Law
DG Law always step up to the plate on our transactions and handle the various
DG Law was recommended to me and my partner and I received excellent advice –
Having worked with DG Law a number/couple of times now, I have been really impressed
DG Law were constantly at hand, and kept pro-active throughout the thorny process of getting
DG Law came recommended to me and whilst setting up a new business it was
We were recommended three lawyers to handle the sale of our seven year old successful
We live by our core values of transparency, flexibility and being honourable – every day
We put ourselves in your shoes so we understand your problems from the inside out
We deliver our advice in a way that is easy to understand