Small business business proprietors choose to lease premises for many reasons, including capital and cash flow limits and size and location flexibility. If you rent the business premises or the equipment, it is crucial to be familiar with the legal aspects of tenancy and the terms of the lease.
Your lawyer can help negotiate a lease in your best interests and advise on:
- Lease incentives
- Rental increases
- The period of the lease
- Options to renew
- The right to assign (transfer) or sublet
- The outgoings to be paid by you
- The transfer of licences and permits
- Whether the lease must comply with the Retail Tenancies Act 2003