Industry sector:

Car alarm fitter: Rent

Enter in your cash flow forecast the amount of rent you will have to pay for your premises in the months that you will have to pay it. (You may decide to run an exclusively mobile alarm fitting business, in which case you may not need any customer-facing premises, although a secure lock-up to park your vehicle is likely to be required, especially if you store tools and equipment in the vehicle over night. You may also need an additional secure space to keep your stock of security devices and accessories.)

If you have not yet decided on a particular premises you could contact a local estate agent who handles commercial property to get an idea of how much the rent is likely to be. You should have already given some consideration to the type and location of the business premises that you will require, so they will be able to give you some guidance as to how much you will have to pay.

Your solicitor will help you with the lease agreement but make sure that you are clear about:

  • whether the premises can be used for the purposes you have in mind
  • how frequently the rent will be reviewed
  • how long the lease runs for
  • what you and the landlord are each responsible for
  • the position as regards sub-letting
  • any disability access issues