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Nigel Whittaker

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SOLICITORS FOR UK BUSINESS PREMISES

HELP FOR ALL STAGES OF YOUR BUSINESS
  • Ways in which to occupy your UK business premises

    In the UK, there are a number of different legal ways in which a business can occupy a commercial property. The main models are leasehold and freehold.

  • Freehold commercial property

    A freehold space enables the owner to own the premises completely, for as long as they want to.  There may be restrictions on the use of the land, and legal advice will need to be sought on this. You can generally secure a mortgage on freehold land from most lenders.

  • Leasehold commercial property

    A leasehold space is owned outright by someone else (the landlord, who owns the freehold), and the use of this too may be subject to restrictions. The lease can be long-term or short-term, of varying lengths. This can be a good option for businesses just starting out in the UK to ‘test the waters’ or expand quickly without penalties.

    Although these two are the most common, there are other ways in which to occupy a business property in the UK, including licenses to occupy.

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Matthew Clayton MA LLM (Cantab), CIPP/E Partner
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    Técnicas Reunidas UK Ltd

    Técnicas Reunidas group is a leading international engineering and construction company for oil and gas production, refining and petrochemicals and power generation projects. It ranks among the top three oil and gas engineering and construction companies in Europe and among the top 10 in the world.
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