Business Lease Advice

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Rent Deposit

An alternative to giving a personal guarantee is often for the tenant to deposit a sum of money with the landlord as security for the tenant’s payment of rent and obligations.

This deposit is quite often equivalent to between 3 and 12 months rent and may be retained by the landlord for the whole of the term of the lease unless an early repayment is negotiated.

For advice as to negotiating the terms of a rent deposit contact us for a free initial legal consultation.