A leasehold retail business is one that is operated by the leaseholder, who rents his premises from the landlord (freeholder). A newsagent, pub, fish and chip shop or other leasehold business can provide the purchaser with source of income and usually a family home. It offers a relatively cheap way to solve two of life’s basic challenges: finding shelter and a livelihood – which is precisely why the UK is so densely populated with these businesses.
Most retail business premises are held on a 21-year lease (or less) at a commercial rent, and the leaseholder is usually protected by the Landlord
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