Industry sector: Transport

Limousine hire: Rent

It may be that you decide you can run your business wholly or partially from home, at least in the early stages. (For example, you may be able to handle bookings from a home office but need to rent a secure area to park your vehicles.) If you need separate premises, 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.

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 that if your premises are open to members of the public, they should be accessible to customers 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 - particularly important as you will be using more than one vehicle
  • 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