5 top tips for Leasing Premises in New Developments

Now that the property market is picking back up we are seeing many more new developments coming forward. For franchisees, taking a unit on a newly-built development brings with it a lot of advantages, such as having modern, energy efficient premises which are a blank slate for your business, but there are also some specific considerations which franchisees should consider at an early stage in the negotiations to make sure they are covered.

A few of tips for leasing new developments are set out below

Double and triple check what you will be getting

Do you need additional planning permission and what conditions are attached?

What warranties will the Landlord be able to give you?

When will the development be finished?Landlord's contributions and incentive payments

The content of this page is a summary of the law in force at the date of publication and is not exhaustive, nor does it contain definitive advice. Specialist legal advice should be sought in relation to any queries that may arise.