Protecting the small business tenant
Language: English Series: Conveyancer and Property Lawyer ; 70 March/April 2006, 137-157(20)Publication details: 2006Subject(s): Summary: It has emerged from recent debate that small business tenants do not always enjoy leases that best protect their commercial interests. Despite legislation to address vulnerability of commercial tenants in terms of their leases, the overall policy towards business tenancies is to largely leave things open to market forces. Under these circumstances small tenants are likely to come off the worst. This paper identifies the problems of flexible commercial leases on small businesses. It also argues that small business tenants should be recognised as consumers; enabling them to become more property aware, and therefore able to negotiate more advantageous lease terms.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L133302 (Browse shelf(Opens below)) | 1 | Available | 133302-1001 |
It has emerged from recent debate that small business tenants do not always enjoy leases that best protect their commercial interests. Despite legislation to address vulnerability of commercial tenants in terms of their leases, the overall policy towards business tenancies is to largely leave things open to market forces. Under these circumstances small tenants are likely to come off the worst. This paper identifies the problems of flexible commercial leases on small businesses. It also argues that small business tenants should be recognised as consumers; enabling them to become more property aware, and therefore able to negotiate more advantageous lease terms.