A tenancy agreement defines the main conditions of tenancy, so that the duration (or duration) of the tenancy agreement, monthly rents, rent revisions, expenses, etc. A lessor is not required to renew the terms of the old lease and is free to change the conditions and rental amounts upon request. This is why some tenants prefer to sign a longer-term lease if the monthly rent is very reasonable and in an area where rents are likely to increase during the term of the lease. A licence in a tenancy agreement is a personal agreement between the parties and does not grant the tenant exclusive use of the premises. A rental agreement cannot even contain a licence to allow the tenant access to the premises. Simply put, a lease is a pre-curse of a lease and may allow the tenant to temporarily access the premises to perform certain work or tasks to complete the lease, but he should not in itself rely on a tenant to occupy long-term premises. Leases are leases that clearly and in depth define the expectations between the landlord and the tenant, including rent, pet rules and the duration of the contract. A strong, well-thought-out and well-written lease can help protect the interests of both parties, since neither party can amend the agreement without the written agreement of the other. If you have any questions about entering into a lease or would like someone to help you in this process, please contact our commercial real estate lawyers.

Call us on 0800 689 1700 or fill out this form. From the lessor`s point of view, it will not want to go to the costs of carrying out the work without the tenant being contractually obliged to conclude the lease after the completion of the work. In the absence of such an agreement, the tenant can leave at any time and the landlord would bear the costs of the work, without a tenant renting as soon as he is ready. A lease agreement creates an obligation for both parties to enter into a lease agreement on agreed terms, provided the agreed terms are met. This creates greater security for the parties, where the money must be spent before the lease begins. It usually covers insurance, while the property is built and all the guarantees that the incoming tenant receives from owners and other contractors.