You will, of course, be aware of the considerations uppermost in your intended tenant’s mind, as touched on in “ Want to take a lease ‘, when negotiating the lease, either yourself, or through agent(s) and you may well, as landlord, be guided by your agent in any event.

The decisions you make will affect the underlying value of your freehold or other interest in the premises as, for example, a potential purchaser from you will be checking for terms that provide a strong ‘ covenant ‘ and effectively maximise the value of the premises subject to the lease you have granted.

Full references must be obtained and checked for the tenant and, if a limited company is the intended tenant, you may well require an individual’s personal guarantee that the tenant’s obligations in the lease will be observed.