Business Advice

Layout your Terms & Conditions

Setting out your terms and conditions for your business is as crucial as laying out your wares in your store. You need to pay attention as to how you want to handle things like conditions of sale, returns, refunds. If you are selling services then there is more involved and it is important to consider how to deal with things when they go wrong. The adage of hoping for the best but preparing for the worst is good sound business sense.

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Registering a Lease

A lease under 7 years is not required to be registered but, if you are going for one that is longer then you need to consider the implications of such a commitment and it is with this in mind that this article deals with the issues in depth. You would be wise to use a solicitor in such circumstnaces and our Associaes, Net Lawman will be happy to assist you online or in person if you require advice or assistance.

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Your Security in Tenure

Useful information that will be very applicable to landlords, tenants and professional advisors in that the new procedures for terminating or renewing business tenancies were introduced by the Regulatory Reform (Business Tenancies) (England and Wales) Order 2003 (the Order). The Order had effect on 1st June 2004. The main purpose of the Landlord & Tenant Act 1954 Part 2 has not changed, however, the Order has introduced a number of small procedural changes and time limits.  

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Lease Assignment

A lease effectively bestows a temporary possession of a property on the lessee and if it is under 7 years it usually has no capital value.  Disposal of it is termed an assignment, not a sale. If you are a tenant and you want to assign your lease before its term has expired, you must find someone else willing to pay the rent and take over all the obligations set out in the lease. Leases over 7 years are less popular these days but can still command a resale value in the market in some circumstances

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Business Leases

Business Property Leases

This article provides free advice and information to landlords and to tenants about business leases. It is applicable to all commercial leases. Since it is invariably the landlord who submits the lease to his prospective tenant, the help notes supplied with each document are provided largely from the perspective of a landlord. However, that does not apply to the information set out in this page, much of which is directed to the interest of a tenant.

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News in Brief

One of the dominant trends that we’ve seen in online activity over Christmas is that popular interest in shopping is higher on Christmas Day than during many of the traditional shopping days preceding it.



With more and more traditions being set aside and the increase in cheap netbooks and easy internet access this trend seems likely to continue well into the next decade. How this will effect retail shops in the high street is unknown but there might be a revival coming with a reverse trend that is beginning to appear in the UK



Pop-up shops are springing up all over as previously exclusive on-line brands bid to liven up the high street and fill empty stores in the run-up to Christmas.



Ebay is opening a pop-up store in New York. Nick Gray, managing director at creative retail marketing agency Live & Breathe, says this not only “gives eBay a physical presence” for the first time, but is a “great opportunity to draw attention to a brand that does not normally appear on the high street”.



Other brands are capitalising on the effects of the recession on the retail market to test the waters for future expansion. HMV is taking empty space in ten locations across the UK. Those stores deemed successful may remain open, according to HMV property director Mark Bowles. He believes the pop-up shops “could well become a feature of our trading in future” especially in the run-up to Christmas where about 40% of the annual consumer demand is generated. Book publisher Phaidon is also taking advantage of vacant property by opening two stores in London for the festive period.

 

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