Commercial Lease – Lease Report

A commercial lease is a legally binding contract made between a landlord and a business tenant.

The lease gives a tenant the right to use the rented property for a business or commercial activity in exchange for payment.  Additionally, the lease outlines the rights and responsibilities of both the landlord and tenant during the lease term. Before you sign the contract it is worth instructing a professional to see if there are any red flags.

THE SERVICE OFFERED

The Service will Cover: 

• Full, plain English report on the your lease, with advice

The service excludes:

• Face to face meetings;
• Third-party negotiations
• Drafting of a Commercial Lease
• Due diligence checks

What you need to provide:

• The Commercial Lease you are looking to get reviewed
• Copies of any relevant existing documentation and a good understanding of your business needs
• The first step after the purchase will be to provide verification of your identity and supply the following documentation so your adviser can carry out their ‘Know Your Customer’ (KYC) and ‘Anti-Money Laundering’ (AML) checks. Please have the following at hand but note that this may not be a complete list:
  • Company name, VAT number (if applicable), registration number
  • Key contacts and associated contact details including email and mobile
  • The names and home addresses of all directors
  • Home utility bill (no more than 3 months old) and passport for every person who owns or controls more than 25% of the voting rights of your business

I Hope to Hear From You Soon.

If you have any questions you would like to raise regarding this service, please get in touch by selecting the “Contact me” option at the bottom of my profile.

If you are also interested in further detailed advice not covered in the above, get in touch with an outline of your requirements. I will provide a tailored quote to meet your needs.

I hope to hear from you soon.

Chris Hutchins, SBAN (Small Business Advice Network Limited)