Tenure: Leasehold
Rent: £XXX Per annum
Legal fees: Each party to bear their own
Rateable value: The VOA website states a R.V. of £XXX payable at the prevailing rate- the business should qualify for full small business rates relief, subject to the usual criteria.
Lease Details - New 10 year FRI lease to be drafted outside the Landlord and Tenant Act 1954, with 5 year rent review.