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What should I consider when choosing a commercial workshop space in London?
When selecting a workshop space, consider its location and accessibility for employees and deliveries. Assess the size and layout to ensure it meets your operational needs. Check the power supply, ventilation, and lighting. Also, verify zoning regulations permit your intended business activity at the location.
What are the typical lease terms for commercial workshop rentals in London?
Lease terms for commercial properties vary, but typically range from 3 to 5 years, sometimes longer. Shorter leases may be available, especially for smaller units. Negotiate break clauses to provide flexibility if your business needs change. Ensure all terms are clearly outlined in the lease agreement, including rent review clauses.
What safety features should I look for in a commercial workshop space?
Essential safety features include adequate fire exits, fire extinguishers, and a fire alarm system. Check for proper ventilation, especially if your work involves fumes or dust. Ensure electrical wiring is up to code and regularly inspected. Consider the security of the premises, including CCTV and alarm systems, to protect against theft and vandalism.
What legal requirements apply to renting a commercial property in the UK?
Commercial leases are governed by the Landlord and Tenant Act 1954, which grants tenants certain rights, including the right to renew the lease under specific circumstances. Landlords are responsible for maintaining the structure and ensuring the property complies with building regulations. You'll also need to consider business rates, which are a tax on non-domestic properties.
What are the common costs associated with renting a commercial workshop space in addition to rent?
Besides the monthly rent, budget for business rates, service charges (covering maintenance of communal areas), utilities (electricity, gas, water), insurance (building and contents), and legal fees associated with the lease agreement. Factor in potential costs for repairs, maintenance, and dilapidations at the end of the lease.
