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Indurent Smart Lease vs Traditional Lease |
Indurent Smart Lease |
Traditional Lease |
|---|---|---|
What is the minimum lease commitment? |
1 year |
3 years |
Can I leave whenever I want? |
You can only leave at lease end or at your break option date |
This is subject to agreement |
Can I pay my rent monthly? |
Yes |
No |
Can I change my lease terms during the lease? |
Yes, you can move to a bigger unit if one is available at any time during your lease (subject to a mutual agreement of term) |
By mutual agreement only |
Will my rent go up? |
Yes, but all future rent uplifts are fixed and known at the time you you sign the lease |
This lease can be fixed or subject to open market rent reviews which are unknown at the point of signing the lease |
Am I responsible for external maintenance? |
No, all external maintenance cost are fixed for the term of your lease |
This is subject to agreement |
What happens at the end of my lease? |
You are responsible for returning the unit in a clean and tidy condition on the inside only |
This is subject to agreement, but typically you will be required to return the property in a good state of repair and condition |
Do I need a lawyer? |
No, this lease is jargon free and written in plain English |
Yes, we recommend you get a lawyer to review the terms of the lease |
How quickly can I get in? |
You could have the keys from 1 week from initial enquiry |
Once the lawyers have agreed the documents |
Your leasing options
Leasing with Us
At Indurent, our leases can be tailored to suit your business needs and completed as soon as possible. We offer two types of leases, depending on your requirements:
Smart Lease
Our exclusive Smart Lease was created to simplify and speed up your leasing journey. Just one simple contact written in plain english with no hidden fees.
Suitable for: New businesses, start ups, small business, companies seeking small to medium sized units (under 5,000 square feet). Our dedicated engagement managers have experience working with all unit sizes.
Key benefits of a Smart Lease:
- Clear and simple T&C’s written in plain English
- Can be completed online
- Lease from 3 years to 5 years
- No legal fees required
- All inclusive costs (external maintenance, insurance and rent)
- Initial enquiry to keys in hand from 1 week
Traditional lease
These tend to take longer due to the third party advisors involved including lawyers and surveyors. We’ll tailor your contract to your needs and move quickly to meet help achieve your goals.
Suitable for: Companies seeking larger units (in excess of 5,000 square feet), longer lease terms, or who have bespoke requirements that require careful drafting.
Traditional leases typically:
- Covers more complex situation and legal processes e.g. market rent reviews
- Lease from 5 years to 25 years
- Has additional legal fees
- Does not include third party fees (building surveyors and advisors)
- May take longer to complete due to their complexity and people involved
Whether you choose a Traditional Lease or a Smart Lease, we aim to have your agreement completed as soon as possible. We’ll help to simplify your leasing journey so you can focus on your business.
Our dedicated customer team are available by phone, email and chat throughout your journey with us.
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