Planning for commercial property lease negotiations in London

As a London business owner, planning ahead is something you’re used to, and this is no different. As far in advance of your planned move date as possible, perhaps even before you have settled on a particular commercial property, it’s a good idea to get the right information, and the right people together behind you.

In terms of information, being able to show your future landlord that you are a good potential tenant is critical, especially if you have your eye on an office space in a highly sought after area. If the landlord has several offers on the table, make yours stand out by providing information about your business such as financial evidence that your net profits will easily be able to cover the rent (ideally more than three times over if possible) and also brochures, testimonials, portfolios or any kind of evidence that your business is healthy, likely to last a long time and is professional in all its dealings.

Another vital piece of information to obtain is a reference from your current landlord detailing that you have been a good tenant, met all your responsibilities and have paid your rent promptly. A good reference from your bank also will make you look like an extremely attractive tenant and may bring you to the top of the pile, warming the landlord to you before tenancy negotiations even begin.

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Planning for commercial property lease negotiations in London

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