Olawill set out to step into the gap for tenants that are left to sign business leases without proper guidance. This frequent practice by SMEs has led to reduced profitability resulting from unnecessary liabilities arising from their rented property. In the worst cases, some sole traders have faced personal bankruptcy proceedings. Here are some things that can sometimes be overlooked:
➡️CPSEs – Unrepresented tenants tend not to use solicitors, so they miss out on CPSEs and the standard questions.
➡️Schedule of conditions – It can be difficult to visualize and plan for the end of your lease through the leasing process, but ignore this one to your detriment.
➡️Incentives – Unrepresented tenants can tend not to be connected to the property market, which means they sometimes don’t know the types of incentives being offered by landlords in the local area, such as the amount of rent-free periods, etc.
The last thing you should look for is a competent surveyor who can negotiate the best terms and spot issues early on in the process. This ensures you aren’t overlooking any key considerations that can protect and save you money in your leasing process. The RICS also suggests you instruct a solicitor who can guide you through the drafting process of the lease.
Olawill provides a chartered surveyor who can produce an acquisition report to summarize the transaction in easy to understand terms. We identify risks and rooms for improvement, and we also provide trustworthy advice from start to finish in the leasing process, all at an affordable price.
This makes us an attractive proposition for SMEs who have never instructed professionals before. Trust us with your leasing matter like all our happy clients have.
Comments on our service include “This gives us a good basis to start from” or “We didn’t know the landlord would’ve offered more rent-free than 3 months”.
Schedule a free 30-min lease consultation with our chartered surveyor through sales@olawill.co.uk.