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Renting
premises (PR 3)
Compared with purchasing premises, renting
is flexible and ties up a minimal amount of capital. Most businesses rent
their premises, either through a lease or a licence.
However,
be on your guard. Property law can be complex and verbal agreements do
not count.
The
golden rules are not to assume anything, and to get everything in writing.
The task of choosing suitable premises is covered in Choosing office premises,
PR 2.
This briefing focuses on the terms under which you occupy rented premises.
It covers:
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