| 'Break clause' to allow
you to surrender lease early? |
 Get
one if you can. Make sure it is exercisable after a certain date,
not only on that date - and after you know any reviewed rent. |
 |
|
| Know level of business
rates? |
 Don't
rely on unverified statements from landlords.
Get
valuer's advice. |
|
|
| Being charged a premium? |
Rare
these days unless a very unusual retail site. valuation essential
to assess reasonableness. |
|
|
| Rent-free period offered? |
Reflects
state of market, but should be seen in context of the lease - the
landlords need to make money too. |
|
|
| Planning to improve your premises? |
If
adding genuine value to the asset, negotiate offset eg. a rent-free
period.
Otherwise, make sure works are not included in rent review valuations. |
|
|
| Have you checked planning
permission for intended use? |
Take
Care! This is your responsibility. You have no claim against the landlords
if you discover consent is required after moving in. |
|
|
| Taking on an assigned
lease? |
Take
Care! You may be taking on all liabilities for repairs etc, no just
those from when you move in.
Also, the landlord must give consent, and will want to vet your financial
status. |
|
|
| Offered right of alienation? |
Negotiate.
It gives you the right to sub-let if you wish, now or later. |
 |
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