Renting a commercial property

When you rent a commercial property from us you will be given a lease.  This is a legal document setting out the agreed terms by which you may occupy the property. Once the lease is signed by both the landlord and tenant, and documents have been exchanged, it is binding and cannot be changed, other than by mutual agreement.  It is therefore important that you fully understand your contractual obligations before you sign.  The rights and responsibilities of those occupying commercial properties are quite different to those occupying residential properties. You may wish to appoint a solicitor to advise you.
Useful information about tenant responsibilities when renting business premises is provided by Gov.uk and HSE. These include:



In addition tenants of commercial premises should be aware of the requirements of The Workplace (Health, Safety and Welfare Regulations 1992.  Among other items these contain a requirement for the regular maintenance of certain property features, including shutters and auto doors.  Further information can be found here.
Most leases are prepared individually for a particular property based on terms that are agreed between you (as tenant) and ourselves (as landlord) however, the leases of units on our industrial sites and market stalls are simple standard agreements to keep costs to a minimum.
You should always keep a copy of your lease to hand as you are likely to need to refer to it during your tenancy.  If your lease is held by a third party they may charge you to access it.
Most of the commercial properties let by Lincolnshire Co-op, other than market stalls and some of the small industrial units, require rent to be paid quarterly in advance. This reduces our administration costs and enables us to keep rents at a competitive level. When you take a lease it is important that you arrange for payment of the specified rent to be made in time for us to receive it on the day that it is due.  Interest may be payable if it is late.  We prefer that rent is paid by standing order or direct debit and this is a requirement when taking a lease of some of our properties.  Please remember that, in law, rent is due whether demanded or not.  We issue invoices for commercial property rents but failure to receive one is not a valid reason for non payment.
If you are running a small business or thinking of starting one up useful advice is provided by:


Some property occupiers including small businesses and charities may be eligible for business rate reliefs.  For further information about this you should contact your local council but an overview is given at Gov.UK

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