Business Tenancies

Business tenancies refer to agreements where a business rents a commercial property from a landlord for purposes like selling goods or providing services. These leases specify the duration, rent, and conditions under which the business can use the space. They are legal contracts that protect both the landlord's property rights and the tenant’s right to operate their business. Terms can vary widely, including renewal options, rent increases, and responsibilities for maintenance. Understanding these arrangements helps ensure clear expectations and legal clarity for both parties involved.