The Complete Guide to Renting a Commercial Property The Complete Guide to Renting Commercial Property | Page 10

The Complete Guide to Renting a Commercial Property

Subletting
Some leases allow subletting. There are usually restrictions in place
regarding the amount of space, the use of the space and the rent you
can charge, so it's important to be aware of these if you're planning to
sublet.
Typically, landlords will insist that sub-leases are granted outside the protection of the Landlord and
Tenant Act 1954, but with similar terms to your existing lease. You will usually be expected to
guarantee the lease if you're going to assign it to a third party.

The Length of the Lease
The landlord should make clear the length of the lease upfront, and
should specify any circumstances under which it is permissible to break
it.
It should also be specified in your contract whether you'll be entitled to a lease extension on expiry.
An official right to break will allow you to walk away from the lease at any time, presuming you have
notified the landlord in writing. This will usually only be permissible after you've paid the rent due
and given up the property and leaving no sub-leases behind. BEAR IN MIND: The principal rent
must clear before the break date. Check that no additional charges are required to clear as well.
When your lease concludes (either due to a break or the expiry) you will be liable for any sum that
arises as a result of damage done to the property. The Landlord and Tenant Act 1954 gives you the
right to extend your tenancy when the lease runs out unless the landlord can demonstrate specific
circumstances such as redeveloping the property or occupying the space themselves. Ensure that
you obtain professional advice to ensure your interests are served and protected.

Commercial Property – Industrial Units, Office Space to Rent

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