What is the length of a tenancy or lease agreement?
Companies usually provide a range of agreements, from short term tenancies to longer-term leases. Most tenancies are for a fixed period and contracted in to the Landlord and Tenant Act, providing a good balance between security and flexibility. Another advantage of a tenancy agreement is the relatively low capital investment required. Leases may be of any agreed duration, although usually for a minimum of 10 years and are likely to suit the more experienced retailer looking to assign the lease after a period of trading.
