Google Adwords 0808 278 1398 Bing Ads 0808 274 4482

Is it better to buy commercial property outright, look for leasehold property or rent?

Buying the freehold of your own commercial property represents a significant capital investment. Many businesses will not have the financial resources to make this a realistic option.

Many businesses that do choose to buy commercial property outright do this as an investment. For example, you might buy a commercial property in order to develop it, or as an asset that you hope will increase in value over time.

A far more common choice is to lease your business premises. Leasehold property is available in most areas to suit most businesses, and often requires little or no initial capital investment.

A relatively short lease, or a lease that offers you the option to get out of the lease early, gives you flexibility if your needs and circumstances change. Conversely, you might prefer a longer lease if you will be spending money to adapt the business premises to your particular requirements, or expect to build a local reputation. In either case, you should be aware that taking on leasehold property usually means that you will be responsible for maintenance and repairs.

The easiest option, with the lowest initial costs, is to rent business premises that are available on a short-term licence. This sort of flexible arrangement allows you to occupy business premises without taking on a substantial longer-term commitment. Typically, both you and the landlord have the right to end the rental at a month’s notice. Serviced offices and small workshops are often offered with a flexible licence.

Related FAQs

Have a question or need some help? Call us today on 08082747557

For free first advice when you want it,
fill in the form below

Please let us know you are not a robot

Your local legal experts


Why QualitySolicitors?

With QualitySolicitors your first initial assessment is free, so you can call us without worrying about being charged for a call you might not have actually needed to make. And because we place our clients are at the heart of everything we do, we make these five customer service promises to make sure you'll feel properly looked after.

This is why, in the first instance, most people looking for legal help in relation to a 'Home And Property' call QualitySolicitors for a Free Initial Assessment over the phone before requesting our Ask the Legal Expert service; which is an introductory 45-minute face-to-face consultation for £99.