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UKSolicitorJA
UKSolicitorJA, Solicitor
Category: Law
Satisfied Customers: 4312
Experience:  English solicitor with over 12 years experience
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Im looking to take on a premises with a company let lease

Customer Question

I'm looking to take on a premises with a company let lease agreement instead of commercial lease. Can I still trade on a company let agreement and what are the key differences?
i'm registered as a limited company and need to see clients on the premises.

many thanks
Submitted: 3 years ago.
Category: Law
Expert:  UKSolicitorJA replied 3 years ago.
Hello,

You need to check this with the landlord as company let agreements are usually for residential properties, not premises for trading in.

A company let is where a company is the tenant of a residential property instead of an individual person. A commercial lease is a lease for business premises where trade is carried out.

You should get a commercial lease rather than a company let.

May I help further?
Customer: replied 3 years ago.

Thank you for your answer, just to double check:


I'm looking to rent a flat with no shop front to be used as a hairdressing salon.


Am I right in thinking that I need a commercial lease for this as the company let is more for work/live use,


and I can not trade on the company let due to the lease agreement?


 


thanks

Expert:  UKSolicitorJA replied 3 years ago.
Yes, correct.

You need a commercial lease.