Newsagent Leases – Tips For Tenants - By Chris Bartlett
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Buying A Newsagent: Great Legal Advice Hot Off The Press
If you’ve got some basic business sense and you’re prepared to work pretty unsociable hours every day of the week, then you could stand to make a good living out of owning a newsagent. That said, whether you plan to buy the freehold or take a lease of the shop do take the time to get some advice from a solicitor. You’re risking too much by simply signing on the dotted line. The good news is we’ll make the process quick and painless. Because we’re experts at buying and leasing newsagents we only stick to the essentials.
To give you an idea of the challenges we’ll help you with, here are some typical important issues that always need to be considered when buying a newsagent:
Planning Permission And Licences
Pay close attention to exactly what you can and cannot do with the newsagent. You’ll need to make sure that you have planning consent that covers all the uses you envisage. Additionally, if you’re hoping to sell alcohol or lottery tickets or to rent DVDs, you will probably need licences for this. If you’re taking a lease, you’ll need to carefully check the lease terms to make sure that there are no restrictions on what you want to do.
It is common for a newsagent to be sold or leased including residential accommodation on the first floor upwards. The owners of the business might well choose to live there themselves in order to save on the cost of living elsewhere or simply to be close to work (which is really handy for a job that demands long hours). Otherwise the owners might rent it out to staff or the general public. If there is residential accommodation, don’t assume you’ll be able to put whoever you want in there. Very often there are restrictions that need to be thought about, and if there’s a landlord, negotiated.
Some landlords are keen to restrict trading hours to avoid upsetting neighbours or residential tenants in a development or simply because it makes management of the building/estate/shopping centre easier. Planning permissions may also restrict trading hours and need to be checked carefully. Running a newsagent is very different from having a clothes shop or an office. Flexible hours can be crucial.
Call Chris today on 0151 227 3391 for your free consultation and a fixed fee no obligation quote!
Christopher Bartlett is a Commercial Property solicitor. He will be happy to offer you a free no-obligation telephone consultation on any newsagent lease matter.
James Edwards is a commercial property solicitor advising landlords and tenants on commercial leases. He also has experience in buying and selling commercial property.