business premises

Taking on New Business Premises: Sorting the Legal Issues

Whether you’re buying or leasing premises for your business, there are important technical and contractual priorities that will require your attention. Failing to address these implications properly could turn your new business premises from an asset into a liability. This guide looks at: The legal areas you need to focus on Insuring your new business premises The professionals who can help you The legal areas to focus on You are responsible for ensuring that your new premises are fit for business, although if you’re a tenant, your landlord may also share this responsibility. To avoid the risk of unnecessary financial loss or legal action, you will need to focus on the following areas: The survey Service charges Leases Health and safety The survey As well as highlighting any co... »

Leasing Business Premises: FAQs for StartUps

If you’re about to start your own business, then one of the most important steps is choosing the right premises to operate from. Get it right and you will have a solid base from which you can start to grow, but get it wrong and it can turn into a big, expensive distraction. The best way to avoid potential future problems is to make sure you understand everything about the premises before you sign the lease. Here are the main questions you should be asking your property agent: Who is responsible for what? Maintenance: Ask what maintenance you are expected to pay for, and what your landlord pays for. Also find out what standards of maintenance you are expected to meet if it’s your responsibility. Meeting standards: Whatever type of business you plan to run, the building you choose will need ... »