The options of getting out of a commercial lease
Struggling Midlands businesses should scrutinise the terms of their commercial lease to see if large-scale savings could be made, or whether they could get out of it altogether. Abigail Clark, a solicitor in the Commercial Property team at Else Commercial Solicitors, says the cost of occupying a commercial building is likely to be one of the main overheads for a business - and with the recession deepening a ‘get out' option may need to be considered.
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