Industrial Premises Tenancies at Will and Licences
Listed below are a selection of Tenancy at Will and Licence Agreements for Industrial Premises.
Business premises are usually occupied under a lease. A lease is a formal arrangement whereby the Tenant has exclusive use of the premises for a specified term. Leases usually contain detailed provisions as to what a tenant must and must not do in order to protect the value of the Landlord’s reversionary interest in the premises.
Sometimes it is not appropriate to grant a lease. If the business is only going to occupy the premises for a short time (say, less than 6 months) or if the parties are in the process of negotiating a lease but the Tenant needs to occupy the premises immediately, the parties may wish to use a Tenancy at Will or a Licence.
A Tenancy at Will has no fixed term and can be terminated by either party at any time with immediate effect. It is therefore only suitable for very short term arrangements.
These Industrial Premises Tenancies at Will and Licence Agreements are part of the Property Documents Folder. Just £35.00 + VAT will provide you with 1 year's unlimited access to download all/any documents from the Property Folder.