Guidance Notes: Business Tenancy Agreements

A landlord has several options when it comes to offering a contractual arrangement for a commercial premises. They can provide a lease, a license, or a tenancy, each of which comes with its own distinct set of rights, responsibilities, and legal implications.

Understanding the differences among these arrangements is crucial for landlords to ensure they comply with all relevant laws. Each type of agreement impacts the landlord's control over the property, the nature of their relationship with the occupant, and their ability to enforce rules and make changes. Properly navigating these options helps landlords to optimise their property management strategies, minimise legal risks, and ensure the commercial premises are used in a way that meets their financial and operational goals.

This Guidance Note will explore the distinctions among these types of agreements.

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