- What is a Lease?
- Leasehold Offices - alternative Names
- Who uses Leasehold Offices?
- Advantages and Disadvantages of Leased space
- Prices associated with Leasehold Offices
- Where can I find leasehold office space?
A lease is a signed legal contract between a landlord and a tenant which grants rights and duties on both signatories/parties. The standard form of lease can be from 1 - 15 + years. Sometimes a lease can be protected by the Landlords and Tenants Act, but other times it can be granted outside of that, allowing the landlord more flexibility when the lease is finished.
Leasehold Offices - alternative Names
Leasehold offices can also be referred to as Traditional Offices and Conventional Offices.
Leasehold offices are preferred by middle to large sized organisations who may own their own furniture, telephone systems and IT infrastructure.
Most of them also feel able to predict their company size in the mid to long term future so may feel the benefit from a flexible leasing option.
Advantages and Disadvantages of Leased space
Advantages can include:
Disadvantages can include:
The following is a chart of the basic associated expenses with renting a leasehold office.
| Charge | Description | Payment details |
|---|---|---|
| Rent | The basic rent for the office | Usually paid monthly or quarterly in advance to the landlord. |
| Service Charge | This covers the maintenance and upkeep of your property | Usually paid monthly or quarterly in advance in association with the rent to the landlord. |
| Business Rates | This is a council tax for businesses. The amounts payable usually depends upon your area that you are renting in, company status i.e. charity/not for profit organisation and amount of space actually used as 'workspace' in the property. | A separate payment payable directly to the local council. Some offices may offer an all inclusive square foot pricing which includes business rates, so the amount would then be payable to the landlord |
In addition to this, you will have all your separate utility bills to add on.



