CONFUSED WITH TERMINOLOGY?
Searching for office space? Wondering whether to consider “all-inclusive” or a conventional Lease?
The term “all-inclusive” is usually used for offices where landlords/tenants are looking for a short term agreement with flexibility. All-inclusive rents may include the following:-
- Service Charge
- Business Rates
- Buildings Insurance
These all-inclusive agreements are intended where service and facilities have to be shared between tenants in multi let buildings.
Offices which are more self-contained by way of accommodation, facilities, services and required by landlord or tenant to be of a longer lease term, are normally dealt with by way of a Commercial Lease.
There is no typical form of lease, whatever terms are agreed including rent, repairs, break clauses etc are reflected in the lease.
For further advice contact the office and speak to one of our team.