fbpx

Property Licensing

Property licensing refers to a type of commercial property rental agreement that allows another person to use all or part of the property in a certain way. It is distinct from a lease, which grants exclusive possession and usage on a fixed-term basis, with rent payable in return.

A license is a potentially more flexible arrangement than a lease and may be more suitable if both landlord and tenant are seeking a short-term rental agreement, for example in relation to commercial premises rented out as serviced offices, or to a small start-up business or pop-up shop.

A license will often cover a shorter timescale than a lease, usually with fewer conditions attached. Unlike a leaseholder, the licensee will hold no interest in the property and will not enjoy a right of exclusive possession, since the landlord will always retain the right of entry, for example, to carry out an inspection.

A further advantage of property licensing is that both parties have the right to terminate the agreement, which will usually feature a short notice period on both sides: typically, just 28 days. A tenant in a property licensing scenario will have no automatic right of renewal, often making this a more flexible option for commercial landlords.

What is Residential Conveyancing?

Speak to a Solicitor

Speak to a solicitor

Consent
This field is for validation purposes and should be left unchanged.

property guides

Property licensing has the potential to help both landlord and tenant to make the most of their commercial opportunities in the right circumstances. It is, however, essential that the licensing agreement is carefully drafted and clearly reflects the intentions of both parties. This is because if the terms and wording of the agreement in fact resemble those of a lease, then it may be treated as such by the court in the event of a dispute arising. It is therefore essential to seek specialist advice in the law and practice of property licensing before entering into an agreement.

The property licensing experts at Ackroyd Legal have diverse expertise and understanding of all aspects of property law and will negotiate the licensing agreement on your behalf, ensuring that your intentions are properly reflected in order to protect your commercial interests.

Image hover effect image

Buying a Property

Whether you are buying your first house or adding to your portfolio, we will guide you through every step...

Selling a Property

Selling your home can typically take weeks or even months. Our specialist team...

Image hover effect image

Re-mortgaging

We offer the full range of remortgaging services and can manage the entire process on...

Image hover effect image

Legal Advice for Landlords

For a landlord, having the right level of legal advice is essential. Whether you have just purchased your first...

Image hover effect image

Equity Release

Equity release can help you to release cash from your home. We will guide you through the options and provide...

Image hover effect image

Lease Extensions

Whether you are a landlord or a tenant who is unsure whether you have the right to extend your...

Image hover effect image

Shared Ownership

We are experienced in acting for both individuals and Housing Associations who can ensure the correct...

Image hover effect image

Transfer of Equity

The transfer of equity can become complex and it is always best to consult a solicitor especially in the...

Image hover effect image

Fixed-Fee Rental Possessions

For landlords, we offer a no-obligation, fixed-fee quote for services to recover outstanding rent from...

Get in touch

Request your free consultation today.

GET IN TOUCH

Consent
This field is for validation purposes and should be left unchanged.