New Lease Assignment

[sks]

Hello all, I am a freeholder of a small commercial lock up shop that we are looking to let out on a new 5 or 10 year lease outside the landlord and tenant act. Someone has approached us saying they would like it for a shorter period to start with and would be happy to take it on a licence, either yearly or for 1-3 years. Just wondering, from a landlord point of view, which would offer better protection/covenant. We would like the tenant to pay all repairs etc. Thanks!

 

[kulture]

I would suggest that you talk to your solicitor. If you want a tenant to do all the repairs etc then you want a lease that says that, not a license.

It is all down to negotiation, and how much interest you are likely to get.