Industry sector: Business services

IFA: Rent

Enter in your cash flow forecast the amount of rent you will have to pay for your premises (if you have any) in the months that you will have to pay it.

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.

Bear in mind your premises should be accessible to clients who are disabled.

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

If you're planning to work alone in the business then you may well not need any separate business premises. You might visit many of your clients at their homes or workplaces, and you could possibly set aside a room in your house as an office for receiving people who prefer to visit you.