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Our offices are provided not in the form
of a Lease, like conventional premises, but in the form of
a Licence. The main differences are detailed below:
| ITEM |
OFFICES 4 NOW LICENCE |
CONVENTIONAL OFFICE LEASE |
Commitments (Term)
|
Start and Finish at times to
suit you! (you can terminate on just 13 weeks written
notice)
|
Normally between five and twenty five years
|
Occupation costs
|
One off Registration Fee of £350
|
You pay Solicitors fees for both yourself and your landlord,
survey fees, stamp duty
|
Premiums
|
None
|
Most lease reassignments demand a Premium relating to
the fixtures and fittings. This can often be many thousands of pounds
|
Disposal costs
|
None
|
Estate Agent fees, legal fees and possible "dilapidation
order" by landlord to decorate and make good all alterations / repairs
to the premises. Void period whilst you have vacated but not yet assigned the
Lease.
|
Building Insurance
|
Included
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Extra - paid by landlord and recharged to tenant
|
Rates
|
Included
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Extra - payable to the Local Authority and representing
anything between 20% and 40% of your Lease rental figure.
|
Heating
|
Included
|
Extra
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Lighting & Electricity
|
Included
|
Extra
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Repairs
|
Included
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Extra - all repairs or defects in the building will be
your responsibility and liability. This can often represent a large potential
liability.
|
Maintenance
|
Included
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Extra - you will be responsible for all costs relating
to the maintenance of the building.
|
Cleaning
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Included
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Extra - you will need to arrange, supervise and pay for
office Cleaners and their supplies.
|
Residual Liabilities
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None
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Your commitment is for the length of the lease, if any
future assignee fails to meet their liabilities then you can still be held liable
under the original lease !
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With your Offices 4 NOW premises, you can
give notice and be completely free from any further obligations
at the end of the notice period (normally 13 weeks). This,
combined with the ability to take larger or smaller office
suites, makes our offices the ideal environment for small
growing business, area offices or even for high risk or speculative
ventures.
In our offices, not only do you get superbly
equipped and presented offices in a friendly and professional
environment, but you are also protected from the risks, liabilities
and inflexibility of the traditional commercial property lease.
Load LICENCE
AGREEMENT as MS Word file.
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