Leasing practices in Scotland are based on UK land laws. As a business, you need to consider:
- The length of your lease
- Any rent-free periods
- Rental cost reviews that change the rate
- Insurance and repairs
- Additional costs such as Value Added Tax (VAT)
- Business rates, which are set by the local authority
It’s important you understand the terms of a leasing a property for your business. A solicitor knows the local commercial property market and can help you navigate the legal complexities of negotiating a lease.