For many SME business owners, a break clause offers reassurance. It provides flexibility, an escape route if trading conditions change, and leverage when renegotiating lease terms. On paper, it can look straightforward. However, break clauses are one of the most...
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What help is available for first-time buyers?
According to the BBC, the average age for a first-time buyer is now 34, the highest in decades. Only six per cent of first-time buyers are under 25, compared to a quarter of those buying their first homes in the 1990s. Given...
Renewing your commercial lease – use your bargaining power
If your commercial lease is coming to an end and you are negotiating a new one, it could be worth trying to get a better deal on some of the terms. Like any commercial negotiation it depends whether you or your landlord have the most bargaining...
New business premises – how to balance security of tenure with flexibility
If your business has grown and you are ready to take a lease of new business premises, there are some things you should take into account when negotiating with your future landlord. You want the certainty of knowing you will be able to stay there long enough to get...
Commercial rent reviews – is ‘upward only’ under threat?
If you grant a lease for more than five years, you will want to include a rent review, so that you can make sure the rent does not fall below the market average. Rent reviews in UK commercial leases are usually ‘upward only’ which means the lease rent goes up if...