Restrictive covenants, what property buyers need to know
Picture this; you have had your offer accepted and the conveyancing is...
Granting a temporary licence can be a hassle-free way of regulating your short-term commercial property arrangements. It can be particularly useful for the period between exchange and completion where the new owner wants to occupy the property. It can also be used to govern the temporary occupation of a property before a lease agreement is signed, which allows the new business to make preparations to trade.
At Myers and Co, our commercial property solicitors have extensive experience of negotiating rent-free periods or temporary licences that suit the needs of your business.
Offering tenants a licence to occupy your commercial property before the lease is complete, is one way of making it the most attractive prospect on the market. Letting agents are often keener to encourage negotiations with landlords who are flexible and understand the needs of tenants.
Negotiating a licence to occupy allows you to get ahead of the game and get your business up and running as soon as possible. Gaining access to the property even before the lease is signed gives you time to set up your retail unit or install plant and machinery before incurring rent.
If you are opening a pop-up shop, a temporary licence is the ideal way to secure access to a retail unit; giving you the flexibility you need without onerous leasehold conditions.
Based in Stoke-on-Trent, Staffordshire, our commercial property lawyers have a reputation for providing accurate advice to commercial landowners, landlords and tenants throughout Staffordshire and South Cheshire. Contact our commercial property team on 01782 525000 or email us at info@myerssolicitors.co.uk.
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