Im curently looking to rent out a new small shop for my business they are wanting me to sign up for a three year lease which seems the norm. What is worrying me though is if my new venture should fail i will be stuck tied into this lease.

My question is that should my business fail will i still be responsible for paying the lease for the rest of the agreed term?

Would i better off setting up as a limited company to avoid this pitfall if things turn worse in this economic climate and my business fails.

Thankyou

I inherited a property in 1997 that a business occupies. The tenant told me I can’t change the low rent that’s been the same for 13 years. But the lease expired in 2004, had an option for renewal under the original lease, but I received no written notification as described in the original lease (made with the original owner)
I don’t understand these things, and need a smart agent. Who is the best person to help me? A lawyer? A real estate agent? I don’t want to over-inflate the rent, just fair market value. How can I make sure the person is looking out for my best interests in a small town with a good ‘ol boy network? Thank you for your help!

Hi all, I’m looking into leasing a commercial property and i’m a new business. I want to try and get the best deal possible and wondered what the industry standard is for negotiating? I’ve been informed that I should ask for a rent free period, and also as i’m a new business i should also ask for either a rolling 6 month contract or a get out clause after 12 months with a min 1 month notice. – Any help or advice you can give me will really help, I’ve viewed the properties but want to know how to procede on making an offer as i know they should be grateful of someone taking the shop on at the moment! cheers