On this page
Understanding leases
Leases are very important for not-for-profits. There are some important issues all groups should consider before signing a lease, including:
- can the organisation continue to afford the lease for its duration?
- when and how can the lease be terminated by the parties?
- is there an option to renew the lease for a further term?
- who will pay for utilities?
- what law covers the lease (depending on the type of lease, different standard conditions may apply)
- what insurance does the landlord have and what insurance will you need?
- does the premises meet your requirements for service users or employees? Do you need to ask the landlord to make any alterations? Is this documented in the lease?
You should also remember to complete and return a condition report as soon as possible and take photos to back up any concerns.
The content on this webpage was last updated in May 2023 and is not legal advice. See full disclaimer and copyright notice.
