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Renting premises
Compared with purchasing premises, renting is flexible and ties up a minimal amount of capital. Most businesses rent their premises, either through a lease or a licence. However, be on your guard. Property law can be complex and verbal agreements do not count. The golden rules are not to assume anything, and to get everything in writing. This briefing focuses on the terms under which you occupy rented premises. It covers: ◆ Basic points to check. ◆ The main features of a licence. ◆ The key terms in a lease. ◆ How to negotiate a deal.

Other The landlord Related Articles

Tips to successfully buy or sell your next business
Whether you’re buying or selling a business it is never a neither simple nor straightforward process. Not only are there disclosures and laws to follow, but both parties are working with known other parties such as a lender, landlord, franchisor, accountant, financial planner or attorney to name a few and so it’s unknown how each of these parties will respond. The Golden Rule is to put your feet in the shoes of the other party. It won’t solve everything but hopefully it will allow you to understand “their view of the world.”
Eight reasons a business does not sell
Selling a business contains many moving parts. It’s not just the buyer(s) but also the family and friends, employees, landlord, suppliers, lenders and many others that demand attention or require working with.

5 guaranteed ways not to sell your business
Selling a business is rarely a simple and straight forward process. One of the biggest mistakes I’ve found is that the seller doesn’t put themselves in the shoes of the other parties be it the buyer, lender, landlord, employees, franchisor or whoever. This article outlines 5 ways a business will NOT sell their business no matter how hard they try.
5 tips to use when selling your business
Selling a business is rarely a simple and straight forward process. One of the biggest mistakes I’ve found is that the seller doesn’t put themselves in the shoes of the other parties be it the buyer, lender, landlord, employees, franchisor or whoever. This article outlines 5 suggestions for a seller to use when approaching the way to sell their business.

The Power of Seller Finance to sell your business
Selling a business comes with many challenges. The number one reason most transactions don’t close after a buyer and seller have “negotiated” a deal is that the landlord cannot come to terms with the seller and/or buyer. The number two reason is that finance is not available.

Getting to 'Yes' When Negotiating a Lease Renewal
A client called me recently with a dilemma. She has operated a successful retail business in the same location for 16 years. She believes that the location is important for her business and has contributed to her success. However, her new landlord had presented her with a new lease. The lease required annual rent increases - increases which my client knew would immediately hinder the business' financial health, and at a time when she could least afford it. She didn't think her new landlord was open to what she needed to accomplish, so she called me.

What questions should I ask when buying a business?
There are many questions buyers typically ask when thinking of buying a business that include the level of sales, qualifications and motivations of the employees, questions about landlord and suppliers. While these questions are helpful and appropriate, this article offers some more questions that will help in the decision of buying a business.

How To Avoid Stress in Covenants & Conditions in Lease Agreements
When parties enter into a lease agreement there are generally numerous promises flowing from both the landlord and the tenant. For example, the lesser may promise to deliver possession on a certain date while the lessee may promise to pay $150 dollars as a cleaning deposit before the end of the first month of occupancy. There is one simple way to avoid possible conflict later on is discussed by this author.
Who Has the Upper Hand in a Lease Renewal?
Even if you have a great relationship with your current landlord, always keep in mind your landlord is in the business of maximizing profit on his property by obtaining the highest possible rents.

Leasing Office Space – Funding Tenant Improvements
The landlord is usually willing to fund tenant improvement expenditures provided he is confident the tenant has the financial capacity to pay rent for the term of the lease. For large companies with strong balance sheets, landlords will generally spend as much as is requested on tenant improvements.
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